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14 October, 09:44

One year ago, you purchased 600 shares of stock for $14 a share. the stock pays $.41 a share in dividends each year. today, you sold your shares for $15.30 a share. what is your total dollar return on this investment?

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  1. 14 October, 10:44
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    If you paid $14 for 600, you paid:

    600 * 14 = $8,400.00

    If you sold them for $15.30a share, you made:

    600 * 15.30 = $9,180

    9,180 - 8,400 = $780

    The return on the investment being $780

    Very very safe investment and not worth it.
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