Problemyou purchased a share of common stock at 5900 one, Ask an Expert

Accounting

Problem:

You purchased a share of common stock at $59.00. One year later, after having received a dividend of $2.00, you noted the stock price was $68.00.

Required:

Question: What is your approximate "return" on this stock for the year?

Note: Explain the solution in detail.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91173474

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