Six months ago, you purchased 1,100 shares of ABC stock for $21.20 a share and have received total dividend payments of $.60 a share. Today, you sold all your shares for $22.20 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
Section: Chapter Questions
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Six months ago, you purchased 1,100 shares of ABC stock for $21.20 a share and have
received total dividend payments of $.60 a share. Today, you sold all your shares for $22.20 a
share. What is your total dollar return on this investment?
Transcribed Image Text:Six months ago, you purchased 1,100 shares of ABC stock for $21.20 a share and have received total dividend payments of $.60 a share. Today, you sold all your shares for $22.20 a share. What is your total dollar return on this investment?
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