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27 July, 17:02

You purchased 1,350 shares of stock in Natural Chicken Wings, Inc., at a price of $43.58 per share. Since you purchased the stock, you have received dividends of $1.09 per share. Today, you sold your stock at a price of $47.76 per share. What was your total percentage return on this investment

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  1. 27 July, 19:42
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    12.09%

    Explanation:

    The computation of the total percentage return on this investment is shown below:

    = { (Sale price of the stock - purchase price of stock + dividend received per share) : purchase price of stock) * 100

    = { ($47.76 - $43.58 + $1.09) : $43.58} * 100

    = ($5.27 : $43.58) * 100

    = 12.09%

    We simply applied the above formula so that the total percentage return on this investment could come
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