Investment Return MedTech Corp stock was $50.95 per share at the end of last year. Since...
Investment Return MedTech Corp stock was $50.95 per share at the end of last year. Since then, it paid a $0.45 per share dividend. The stock price is currently $62.50. If you owned 500 shares of MedTech, what was your percent return?
Multiple Choice
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7.20 percent
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19.20 percent
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23.55 percent
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8.83 percent
Homework Answers
| P0 = Share price at the end of last year = 50.95 | |
| P1 = Share price at present = 62.50 | |
| D = Dividend = 0.45 | |
| Percent return = ( P1 - P0 + D ) / P0 = ( 62.50 - 50.95 + 0.45 ) / 50.95 | 23.55% |
| Answer : 23.55 percent |
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