Problema year ago you purchased 300 shares of stellar wood, Ask an Expert

Accounting

Problem:

A year ago, you purchased 300 shares of Stellar Wood Products, Inc. stock at a price of $8.62 per share. The stock pays an annual dividend of $0.10 per share. Today, you sold all of your shares for $4.80 per share.

Required:

Question: What is your total dollar return on this investment?

-$382
-$1,372
-$1,528
-$1,116
-$1,360

Note: Be sure to show how you arrived at your answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91173627

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