Sarah and James Hernandez purchased 140 shares of Macy's stock at $57 a share. One year later, they sold the stock for $61 a share. They paid a broker a commision of $8 when they purchased the stock and a commision of $12 when they sold the stock. During the 12-month period the couple owned the stock, Macy's paid dividends that totaled $1.00. Calculate the Hernandezes' total return for this investment.
Sarah and James Hernandez purchased 140 shares of Macy's stock at $57 a share. One year later, they sold the stock for $61 a share. They paid a broker a commision of $8 when they purchased the stock and a commision of $12 when they sold the stock. During the 12-month period the couple owned the stock, Macy's paid dividends that totaled $1.00. Calculate the Hernandezes' total return for this investment.
Chapter11: Property Dispositions
Section: Chapter Questions
Problem 74IIP
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Sarah and James Hernandez purchased 140 shares of Macy's stock at $57 a share. One year later, they sold the stock for $61 a share. They paid a broker a commision of $8 when they purchased the stock and a commision of $12 when they sold the stock. During the 12-month period the couple owned the stock, Macy's paid dividends that totaled $1.00. Calculate the Hernandezes' total return for this investment.
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