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You purchased 1,350 shares of stock in Natural Chicken Wings, Inc., at a price of $43.58 per share. Since you purchased the stock, you have received dividends of $1.09 per share. Today, you sold your stock at a price of $47.76 per share. What was your total percentage return on this investment

Respuesta :

Answer:

12.09%

Explanation:

The computation of the total percentage return on this investment is shown below:

= {(Sale price of the stock - purchase price of stock + dividend received per share) ÷ purchase price of stock) × 100

= {($47.76 - $43.58 + $1.09 ) ÷ $43.58} × 100

= ($5.27 ÷ $43.58 ) × 100

= 12.09%

We simply applied the above formula so that the total percentage return on this investment could come

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