You purchased 1,700 shares of stock in Natural Chicken Wings, Incorporated, at a price of $43.79 per share. Since you purchased the stock, you have received dividends of $1.23 per share. Today, you sold your stock at a price of $48.66 per share. What was your total percentage return on this investment?
You purchased 1,700 shares of stock in Natural Chicken Wings, Incorporated, at a price of $43.79 per share. Since you purchased the stock, you have received dividends of $1.23 per share. Today, you sold your stock at a price of $48.66 per share. What was your total percentage return on this investment?
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 5P
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You purchased 1,700 shares of stock in Natural Chicken Wings, Incorporated, at a price of $43.79 per share. Since you purchased the stock, you have received dividends of $1.23 per share. Today, you sold your stock at a price of $48.66 per share. What was your total percentage return on this investment?
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