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One year ago, you purchased 117 shares of Best Wings stock at a price of $38.83 per share. The company pays an annual dividend of $0.86 per share. Today, you sold for the shares for $38.61 a share. What is your total percentage return on this investment

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anthougo

The total percentage return on the investment in Best Wings stock is 1.65%.

What is the return on investment?

The return on investment is a measure of the performance and efficiency of an investment over time.

To calculate return on investment, especially in percentage terms, the total return over the investment period is divided by the total costs and then multiplied by 100.

Data and Calculations:

Cost of shares = $4,543.11 (117 x $38.83)

Dividend received = $100.62 (117 x $0.86)

Sales proceeds = $4,517.37 (117 x $38.61)

Total receipt = $4,617.99 ($100.62 + $4,517.37)

Returns = $74.88 ($4,617.99 - $4,543.11)

Return on investment = 1.65% ($74.88/$4,543.11 x 100)

Thus, the total percentage return on the investment in Best Wings stock is 1.65%.

Learn more about return on investment at https://brainly.com/question/15726451

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