Answer:
= $2,748
Explanation:
Number of shares purchased = 400
Price per share (a year ago)= $24.15
Total price paid a year ago = 400*$24.15 = $9,660
Annual dividend per share = $1.82
Total dividend earned = 400 * $1.82 = $728
Price per share (today)= $29.20
Proceeds from sale of shares today = 400*$29.20 = $11,680
Next, find total dollar return;
Total dollar return = Total dividend earned + Proceeds from sale of shares today - Total price paid a year ago
= $728+ $11,680 - $9,660
= $2,748
