Problemsuppose you invested 56 in the ishares dividend, Ask an Expert

Accounting

Problem:

Suppose you invested $56 in the Ishares Dividend Stock Fund (DVY) a month ago. It paid a dividend of $0.37 today and then you sold it for $61.

Required:

Question: What was your return on the investment?

A. 9.01%
B. 9.98%
C. 9.50%
D. 9.75%

Note: Provide support for your underlying principle.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91171063

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