Four months ago, you purchased 1,400 shares of Lakeside Bank stock for $21.20 a share. You...

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Four months ago, you purchased 1,400 shares of Lakeside Bank stock for $21.20 a share. You...

Four months ago, you purchased 1,400 shares of Lakeside Bank stock for $21.20 a share. You have received dividend payments equal to $.56 a share. Today, you sold all of your shares for $22.20 a share. What is your total dollar return on this investment?

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Answer 1

Answer #1

total dollar return =(End value-Beginning value+Dividends)*1400 shares

=(22.2-21.2+0.56)*1400 shares

which is equal to

=2184

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Answer 2

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