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4 July, 07:56

Suppose you invested $60 in the Ishares Dividend Stock Fund (DVY). It paid a dividend of $0.70 today and then you sold it for $65. What was your return on the investment? A) 8.25% B) 9.00% C) 9.50% D) 9.75%

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  1. 4 July, 09:35
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    C) 9.50%

    Explanation:

    Given that

    The sale price of a share = $65

    Purchase price of share = $60

    And, the dividend received = $0.70

    So, The formula and the computation of the return on investment is shown below:

    Return on investment = (Sale price of a share - purchase price of share + dividend received) : (Investment price) * 100

    = ($65 - $60 + $0.70) : ($60) * 100

    = ($5.70) : ($60) * 100

    = 9.50%
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Home » Business » Suppose you invested $60 in the Ishares Dividend Stock Fund (DVY). It paid a dividend of $0.70 today and then you sold it for $65. What was your return on the investment? A) 8.25% B) 9.00% C) 9.50% D) 9.75%
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