Six months ago, you purchased 3,000 shares of ABC stock for $47.06 a share. You have receiv payments equal to $0.80 a share. Today, you sold all of your shares for $49.74 a share. What dollar return on this investment? $2,400 $10,050 $8,040 $10,440 $30 880

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter2: The Domestic And International Financial Marketplace
Section: Chapter Questions
Problem 2P
icon
Related questions
Question
Six months ago, you purchased 3,000 shares of ABC stock for $47.06 a share. You have received dividend
payments equal to $0.80 a share. Today, you sold all of your shares for $49.74 a share. What is your total
dollar return on this investment?
$2,400
$10,050
$8,040
$10,440
$20,880
Transcribed Image Text:Six months ago, you purchased 3,000 shares of ABC stock for $47.06 a share. You have received dividend payments equal to $0.80 a share. Today, you sold all of your shares for $49.74 a share. What is your total dollar return on this investment? $2,400 $10,050 $8,040 $10,440 $20,880
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Investment in Stocks
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT