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A year ago, you purchased 300 shares of IXC Technologies, Inc. stock at a price of $9.05 per share. The stock pays an annual dividend of $.12 per share. Today, you sold all of your shares for $29.14 per share. What is your total dollar return on this investment?

Respuesta :

Answer:

the total dollar return on this investment is $6,063

Explanation:

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

Sale value of shares (300 × $29.14) $8,742

Less: Purchase value of shares  (300 × $9.05) -$2,715

Gain $6,027

Add: Dividend  (300 × $0.12) $36

Total Dollar return  $6,063

hence, the total dollar return on this investment is $6,063

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