Chapter7: Stocks (equity) - Characterstics And Valuation
Section: Chapter Questions
Problem 8PROB
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Question
Eight months ago, you purchased 400 shares of Winston stock at a price of $46.40 a share. The company pays quarterly dividends of $1.05 a share. Today, you sold all of your shares for $48.30 a share. What is your total percentage return on this investment? What is your total dollar return on this investment?
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