You purchased a stock at a price of $46.06. The stock paid a dividend of $1.47 per share and the stock price at the end of the year was $50.56. What was the total return for the year?
12.96%
9.77%
12.38%
3.19%
11.81%
The total return is computed as shown below:
= ( Price at the end of the year - Purchase price + dividend ) / purchase price
= ($ 50.56 - $ 46.06 + $ 1.47) / $ 46.06
= 12.96% Approximately
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You purchased a stock at a price of $46.06. The stock paid a dividend of $1.47...
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