Answered

Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Explore our Q&A platform to find in-depth answers from a wide range of experts in different fields. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

Curtis purchased stock with an initial share price of $140, and sold it when the share price was $119. While he owned the stock, he earned $10 in dividends.

What was his total percentage return on the investment?


-17.65%

-15.00%

-9.24%

-7.86%

Sagot :

anthougo

Answer:

Curtis

The total percentage return on the investment is:

= -7.86%.

Explanation:

a) Data and Calculations:

Initial share price at which the stock was purchased = $140

The selling share price = $119

Dividends earned during the stock ownership (holding period) = $10

Total returns, including proceeds from the sales = $129 ($119 + $10)

Total returns from holding the stock until sold

= Total returns + sales proceeds minus Initial purchase cost

= -$11 ($129 - $140)

Total percentage return on the investment = $11/$140 * 100

= 7.857

= 7.86%

We appreciate your time. Please come back anytime for the latest information and answers to your questions. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.