(Answered) Steve purchased 100 shares of xyz stock at 39 a share one

Economics

Steve purchased 100 shares of XYZ stock at $39 a share. One year later, he sold the stock for $50 a share. He paid a broker a $32 commission when they purchased the stock and a $40 commission when they sold the stock. During the 12-month period he owned the stock, XYZ paid dividends that totaled $1/share. Calculate the Smith's total return for this investment. *

a. 31.9

b. 28.7

c. 26.2

d. 21.3

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