Asked by Marisol Trejo on May 06, 2024
Verified
One year ago, you purchased 600 shares of Westover Paints stock at a price of $3.68 per share. The stock pays an annual dividend of $.02 per share. Today, you sold all of your shares for $11.21 per share. What is your total dollar return on this investment?
A) $4,518
B) $4,530
C) $4,542
D) $4,575
E) $5,120
Annual Dividend
The total dividend payment a shareholder receives from a company or investment fund in one year.
Total Dollar Return
The overall financial benefit received from an investment, considering both capital gains and income such as dividends or interest.
Shares
Units of ownership interest in a corporation or financial asset that provides for an equal distribution in any profits, if any are declared, in the form of dividends.
- Gain an understanding of and calculate the cumulative return from investments.
Verified Answer
Learning Objectives
- Gain an understanding of and calculate the cumulative return from investments.
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