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Charlie buys 260 shares of ABC Corp. for $45.60. One year later, ABC Corp. stock pays...

Charlie buys 260 shares of ABC Corp. for $45.60. One year later, ABC Corp. stock pays a dividend of $1.65 per share, and then

Charlie buys 260 shares of ABC Corp. for $45.60. One year later, ABC Corp. stock pays a dividend of $1.65 per share, and then ABC Corp.s stock price increases to $50.10 per share. What is Charlie's total dollar return? $1170 $1,599 $6.15 $429
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Answer #1

We see that the total dollar return is given as=260*50.10+260*1.65-260*45.60
=1599.0000

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