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16 October, 18:22

A year ago, you purchased 300 shares of Stellar Wood Products, Inc. stock at a price of $8.62 per share. The stock pays an annual dividend of $0.10 per share. Today, you sold all of your shares for $4.80 per share. What is your total dollar return on this investment? A. - $382 B. - $1,372 C. - $1,528 D. - $1,116 E. - $1,360

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  1. 16 October, 20:05
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    D. - $1,116

    Explanation:

    Total amount of purchase = number of shares * price per share

    = 300 * $8.62

    = $2,586

    Total dividends received = number of shares * dividend per share

    = 300 * $0.10

    = $30

    Total proceeds from sale of shares = number of shares sold * price per share

    = 300 * $4.80

    = $1,440

    Total dollar return = (Total proceeds from sale of shares + Total dividends received - amount of purchase)

    = $1,440 + $30 - $2,586

    = - 1,116
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