Question
Asked Nov 3, 2019
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An investor purchased 500 shares of Electric Shaver Corporation stock at a price of $22.50 per share. One year later, the shares are selling for $21 each. The stock paid a dividend of $1.50 per share. What is the total percentage return on the investment?
 
Group of answer choices
-6.76%
0.00%
6.76%
7.14%
 

 

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Expert Answer

Step 1

Calculate the total percenta...

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Current price -Initi al price+ Dividend Total return Initial price $21-$22.50+$1.50 $22.50 S0 $22.50 0.00%

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