question archive Eight months ago, you purchased 400 shares of Winston stock at a price of $46
Eight months ago, you purchased 400 shares of Winston stock at a price of $46
Subject:FinancePrice:2.87 Bought7
Eight months ago, you purchased 400 shares of Winston stock at a price of $46.40 a share. The company pays quarterly dividends of $1.05 a share. Today, you sold all of your shares for $48.30 a share. What is your total percentage return on this investment?
a. 8.62%
b. 12.08%
c. 10.12%
d. 4.09%
e. 7.34%
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Answer: Total Percentage Return =8.62%
Working notes for the above answer is as under
Total Percentage Return
= (48.30-46.40+1.05+1.05) / 46.40
=4 /46.40
=0.086207
=8.62%
