One year ago, you purchased 325 shares of Best Wings stock at a price of $63.00...
One year ago, you purchased 325 shares of Best Wings stock at a price of $63.00 a share. The company pays an annual dividend of $1.36 per share. Today, you sold for the shares for $65.00 a share. What is your total percentage return on this investment? ENTER YOUR ANSWER AS A PERCENTAGE WITH ONE DECIMAL PLACE (e.g., 12.1) AND NOT AS A DECIMAL (e.g., 0.121). ROUND TO THE NEAREST TENTH OF A PERCENT.
Homework Answers
Ans 5.3
| Po = | Purchase Price |
| P1 = | Sale Price |
| Total Return on Shares = | Dividend Income + (P1 - P0) |
| 1.36 + (65 - 63) | |
| 3.36 | |
| Return on Shares in % = | Return on Share / P0 * 100 |
| 3.36 / 63 * 100 | |
| 5.3% | |
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