Investment Return HillCom Corp stock was $75.40 per share at the end of last year. Since...
Investment Return HillCom Corp stock was $75.40 per share at the end of last year. Since then, it paid a $2.90 per share dividend last year. The stock price is currently $78.40. If you owned 400 shares of HillCom, what was your percent return?
Homework Answers
percent return=(End value-Beginning value+Dividend)/Beginning value
=(78.40-75.40+2.90)/75.40
which is equal to
=7.82%(Approx).
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