Question

Six months ago, you purchased 1,500 shares of ABC stock for $35.81 a share. You have received dividend payments equal to $.70 a share. Today, you sold all of your shares for $38.95 a share. What is your total dollar return on this investment? Multiple Choice $4,710 $1,050 $6,729 $5,760 $11,520

Name: six months ago you purchased 1500 shares of abc stock for 3581 a share you have received dividend payments equal to 70 a share today you sold all of your shares for 3895 a share what is your 89814
Uploaded: 2023-04-05T09:59:56-08:00
Duration: 1 min 19 s
Channel: Sanchit Jain
Description: six months ago you purchased 1500 shares of abc stock for 3581 a share you have received dividend payments equal to 70 a share today you sold all of your shares for 3895 a share what is your 89814

          Six months ago, you purchased 1,500 shares of ABC stock for $35.81 a share. You have received dividend payments equal to $.70 a share. Today, you sold all of your shares for $38.95 a share. What is your total dollar return on this investment?
Multiple Choice
$4,710
$1,050
$6,729
$5,760
$11,520

Added by Anthony G.

Horngren’s Cost Accounting

Srikant M. Datar, Madhav V. Rajan 16th Edition

Instant Answer

Solved by Expert Sanchit Jain

04/05/2023

Step 1

- You purchased 1,500 shares at $35.81 per share. - Total initial investment = 1,500 shares * $35.81/share = $53,715. Show more…

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Six months ago, you purchased 1,500 shares of ABC stock for $35.81 a share. You have received dividend payments equal to $.70 a share. Today, you sold all of your shares for $38.95 a share. What is your total dollar return on this investment? Multiple Choice $4,710 $1,050 $6,729 $5,760 $11,520