Asked by Nomzamo Lubisi on May 03, 2024
Verified
A year ago, you purchased 300 shares of IXC Technologies, Inc. stock at a price of $9.03 per share. The stock pays an annual dividend of $.10 per share. Today, you sold all of your shares for $28.14 per share. What is your total dollar return on this investment?
A) $5,703
B) $5,733
C) $5,753
D) $5,763
E) $5,853
Annual Dividend
The total dividend payments a company makes to its shareholders over a single fiscal year, often expressed as an amount per share.
Total Dollar Return
The overall financial return on an investment, including dividends, interest, and capital gains, measured in dollar terms.
Shares
Represent units of ownership in a company or financial asset, granting the holder a part of the corporation's assets and profits.
- Learn to comprehend and figure out the total profit from investments.
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Learning Objectives
- Learn to comprehend and figure out the total profit from investments.
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