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ix months ago, you purchased 2,900 shares of ABC stock for $32.58 a share. You have received dividend payments equal to $.70 a share. Today, you sold all of your shares for $35.26 a share. What is your total dollar return on this i

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sqdancefan

Answer:

  $9802

Explanation:

The total return is the sum of the dividend value and the increase in share value:

  return per share = $0.70 +($35.26 -32.58) = $3.38

Then the return on 2900 shares is . . .

  2900 × $3.38 = $9802

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