Problemroy purchased 3500 shares of ernst stock for 225678, Ask an Expert

Finance

Problem:

Roy purchased 3,500 shares of Ernst stock for $225,678 one year ago. The stock pays annual dividends of $.50 a share. Today, he sold all of his shares for $77.82 a share.

Required:

Question: What is his total return on this investment?

a. 21.12 percent

b. 21.25 percent

c. 21.33 percent

d. 21.47 percent

e. 21.58 percent

Note: Please describe comprehensively and provide step by step solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91161996

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