question archive Sprint Nextel Corp stock ended the previous year at $47
Sprint Nextel Corp stock ended the previous year at $47
Subject:FinancePrice:2.87 Bought7
Sprint Nextel Corp stock ended the previous year at $47.36 per share. It paid a $3.37 per share dividend last year. It ended last year at $42.89. If you owned 950 shares of Sprint, what was your dollar return and percent return? (Negative answers should be indicated with a minus sign. Round your percent return answer to 2 decimal places.) Dollar return $ Percent return %
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Answer:
Dollar return=(End price-Beginning price+Dividends)*950 shares
=(42.89-47.36+3.37)*950
=$(1045)(Negative).
% return=(End price-Beginning price+Dividends)/Beginning price
=(42.89-47.36+3.37)/47.36
=(2.32%)(Approx)(Negative).
