Question

Suppose the price of one share of a particular stock rose from $9.00 to $9.15 over the course of a year, and the stock paid a dividend of $0.60 per share during the same year. What was the total return on the share of stock

Answer 1

Answer:

8.3%

Explanation:

total return on the share stock=(Increase in share price + dividend paid)/share price at beginning of the year

Total return on the share of stock=((9.15-9)+.6)/9

Total return on the share of stock=8.3%