Problemfour months ago you purchased 1400 shares of, Ask an Expert

Accounting

Problem:

Four months ago, you purchased 1,400 shares of Lakeside Bank stock for $23.32 a share. You have received dividend payments equal to $.59 a share. Today, you sold all of your shares for $24.32 a share.

Required:

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

$1,400
$2,226
$826
$1,652
$4,452

Note: Could someone please give me a step by step solution?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91173546

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