Today, you sold 1 share of Litchfield Design stock. The percentage return over the past quarter...
Today, you sold 1 share of Litchfield Design stock. The percentage return over the past quarter (from 3 months ago to today) for these shares was 5.22 percent. You purchased the shares 3 months ago at a price of 66.48 dollars per share. You just received 5.97 dollars in dividends. What was the price of the stock when you sold it?
Homework Answers
Sales Price of stock is $ 63.98
| Total Return over 3 months | = | Investment | * | Percentage return |
| = | $ 66.48 | * | 5.22% | |
| = | $ 3.47 | |||
| Capital Gain | = | Total return | - | Dividend Gain |
| = | $ 3.47 | - | $ 5.97 | |
| = | $ -2.50 | |||
| Sales price of stock | = | Cost of Price | + | Capital Gain Yield |
| = | $ 66.48 | + | $ -2.50 | |
| = | $ 63.98 |
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