Question

1. value: 3.75 points Problem 1-1 Suppose you bought 300 shares of stock at an initial price of $46 per share. The stock paid a dividend of $.44 per share during the following year, and the share price at the end of the year was $47. Compute your total dollar return on this investment. (Omit the "$" sign in your response.) Total dollar return

Answer 1

Total dollar return=(End price-Beginning price+Dividends)*300 shares

=(47-46+0.44)*300 shares

which is equal to

=432