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"You purchased 350 shares of Organic Food Marketing stock for $3,350 one year ago. The company pays an annual dividend of $0.12 per share. Today, you sold all of your shares for $13.10 a share. What is your total percentage return on this investment?"

Respuesta :

AyAyCapitan

Answer:

38.1194% total return on investment

Explanation:

The return of the investment will be:

[tex]\frac{MarketValueSharesToday + Diviends}{PurchaseCost}  - 1 = $total return on investment[/tex]

dividends = $0.12 per share x 350 shares =      $42

share market value = $13.10 x 350 shares = $4,585

total return =$4,627

purchase cost = $3,350

$4,627/$3,350 - 1 = 0.381194  = 38.1194% total return on investment

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