Four months ago, you purchased 900 shares of LBM stock for $7.68 a share. Last month, you received a dividend payment of $0.12 a share. Today, you sold the shares for $9.13 a share. What is your total dollar return on this investment?
a. $1,305
b. $1,413
c. $1,512
d. $1,394
e. $1,080
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Four months ago, you purchased 900 shares of LBM stock for $7.68 a share. Last month, you received a dividend payment of $0.12 a share. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Let's say you work for a company that makes prepared breakfast cereals like corn flakes. Your company is planning to introduce a new hot breakfast product made from whole grains that would require some minimal preparation by the consumer.
Answers (1)
Which best describes an employer of Consumer Services workers? a manager of a retail store a principal of a private school a worker in a spa an archbishop in a church
Answers (2)
Austin is not able to pay the entire balance due by the due date of the return (without extensions). what are his options?
Answers (1)
David is evaluating the ad effectiveness of an ad campaign that his company undertook for their sunscreen brand. Based on this evaluation David plans to better manage financial decisions regarding campaign.
Answers (1)
Alpha Division had the following information: Average operating asset base in Alpha Division $500,000 Operating income in Alpha Division $60,000 Cost of capital 14% Target return on investment (ROI) 16% Margin for Alpha Division 21% If the asset
Answers (1)
New Questions in Business
Why does a savings account make a better investment than a checking account?
Answers (1)
Using a markup of 35% of cost, a store priced a book at $8.91. Overhead expense is 25% of cost. Store put book on sale for 5% off regular price. What was operating profit or loss during sale?
Answers (1)
Mrp works best if the inventory items have dependent demand. True or false?
Answers (1)
What is the advantage of having only one inbox?
Answers (1)
vWhat are the most likely consumer market segments for robots? Which consumer characteristics would be important to determine these market segments? What types of roles do you envision robots playing for these consumers?
Answers (1)