Sprint Nextel Corp stock ended the previous year at $25.76 per share. It paid a $2.47...
Sprint Nextel Corp stock ended the previous year at $25.76 per share. It paid a $2.47 per share dividend last year. It ended last year at $21.29. If you owned 530 shares of Sprint, what was your dollar return and percent return?
Homework Answers
Dollar return=(End value-Beginning value+Dividends)*530 shares
=(21.29-25.76+2.47)*530 shares
=$(1060)(Negative).
% return=(End value-Beginning value+Dividends)/Beginning value
=(21.29-25.76+2.47)/25.76
=(7.76%)(Approx)(Negative).
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