Answered: What is the dollar amount of dividends…

Business

Accounting

What is the dollar amount of dividends that he received for owning the stock during the year?

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter5: The Cost Of Money (interest Rates)

Section: Chapter Questions

Problem 6PROB

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Lee purchased a stock one year ago for $27. The stock is now worth $33, and the total return to Lee for owning the stock was 0.39. What is the dollar amount of dividends that he received for owning the stock during the year? Round to two decimal places.

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