Question 28 (1 point) One year ago, Jason purchased 100 shares of Terry Corporation stock at...

Question

Question

Answer 1

Answer #1

Solution:

The formula for calculating the total percentage return on investment is

= [ ( Sale price per share – Purchase Price + Dividend ) / Purchase Price ] * 100

As per the information given in the question we have

Purchase price of share = $ 29

Sale price of share = $ 32

Dividend per share = $ 2

Applying the above values in the formula we have

= ( $ 32 - $ 29 + $ 2 ) / $ 29

= 5 / 29 = 0.1724

The total percentage return on this investment = 0.1724

Answer 2

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