Ask Question
13 July, 15:22

Glenn brothers stock was priced at $15 per share two years ago. The stock sold for $13 last year and now it sells for $18. What was the total return for owning glenn brothers stock during the most recent year? Assume that no dividends were paid. Round your answer to the nearest percent

+4
Answers (1)
  1. 13 July, 18:53
    0
    0.38%

    Explanation:

    Data provided in the question

    Two year ago price of the stock is $15

    Sale of the stock last year = $13

    And now sale price of the stock = $18

    So by considering the above information

    The computation of the total return is shown below:

    = (Sale price - purchase price) : (Purchase price)

    = ($18 - $13) : ($13)

    = ($5) : ($13)

    = 0.38%
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Glenn brothers stock was priced at $15 per share two years ago. The stock sold for $13 last year and now it sells for $18. What was the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers