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I am currently enrolled in Business Finance. We were given practice questions to study from. However,...

I am currently enrolled in Business Finance. We were given practice questions to study from. However, I don't have the answers or work to see if I am right/wrong. Could someone please explain how question 2 is solved with an answer provided. Thanks!

  1. Benny purchased 200 shares of a stock at the beginning of the year with a price of $20. The stock paid a dividend of $1 and the stock price was $22 at the end of the year. The dollar return was
    1. $600
    2. $400
    3. $3
    4. $200
    5. $100
0 0
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Answer #1

No. of shares = 200 Price = 20 Total purchased price = 2008 20= 4000 Total dividend received = 2008 1=200 Price at the end of

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