Suppose a stock had an initial price of $76 per share, paid a dividend of $1.85 per share during the year, and had an ending share price of $94. Compute the percentage total return. Multiple Choice 26.12% 21.12% 3316% 2742%

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter14: Investing In Stocks And Bonds
Section: Chapter Questions
Problem 1DTM
icon
Related questions
Topic Video
Question
Suppose a stock had an initial price of $76 per share, paid a dividend of $1.85 per share
during the year, and had an ending share price of $94. Compute the percentage total
return.
Multiple Choice
O
26.12%
21.12%
33.16%
2742%
Transcribed Image Text:Suppose a stock had an initial price of $76 per share, paid a dividend of $1.85 per share during the year, and had an ending share price of $94. Compute the percentage total return. Multiple Choice O 26.12% 21.12% 33.16% 2742%
Expert Solution
steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Knowledge Booster
Ratio Analysis
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
Personal Finance
Personal Finance
Finance
ISBN:
9781337669214
Author:
GARMAN
Publisher:
Cengage
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning