Answered

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At the beginning of the year, you purchased a share of stock for $42. Over the year the dividends paid on the stock were $2.50 per share.

a. Calculate the return if the price of the stock at the end of the year is $37. (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places. (e.g., 32.16))
b. Calculate the return if the price of the stock at the end of the year is $47. (Round your answer to 2 decimal places. (e.g., 32.16))

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