Four months ago, you purchased 1,225 shares of Consolidated Industries stock for $18.78 a share. You have received dividend payments equal to $.58 a share. Today, you sold all of your shares for $24.18 a share. What is your total dollar return on this investment?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter7: Stocks (equity) - Characterstics And Valuation
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Four months ago, you purchased 1,225 shares of Consolidated Industries stock for $18.78 a share. You have received dividend payments equal to $.58 a share. Today, you sold all of your shares for $24.18 a share. What is your total dollar return on this investment?

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Four months ago, you purchased 1,225 shares of Consolidated Industries stock for $18.78 a share. You have received dividend payments equal to $.58 a share. Today, you sold all of your shares for $24.18 a share. What is your total dollar return on this investment?

 
$8,781.81
 
$7,301.58
 
$8,284.72
 
$7,885.71
 
$8,122.28
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