You bought a stock on January 1 for $39.00 per share, and you sold it on December 31 for $47.00 per share. During the year, you received annual dividends of $3.00. What was your total return on this investment for the year?
The total return is computed as shown below:
= (Selling price - purchase price + dividend received) / purchase price
= ($ 47 - $ 39 + $ 3) / $ 39
= 28.2% Approximately
So, the correct answer is option C.
Feel free to ask in case of any query relating to this question
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