21. You purchase 100 shares of Ravioli Den for $45 per share. One year later, you sell the shares

for $52 per share. During the one-year period you held the stock, you received $2 per share

in dividends. What was the percentage return on your investment in Ravioli Den?

A. + 7%

B. + 9%

C + 16%

D. + 20%

Question

Antwan Velez

Mathematics

10 August, 11:46

21. You purchase 100 shares of Ravioli Den for $45 per share. One year later, you sell the shares

for $52 per share. During the one-year period you held the stock, you received $2 per share

in dividends. What was the percentage return on your investment in Ravioli Den?

A. + 7%

B. + 9%

C + 16%

D. + 20%

+3

Answers (1)

Know the Answer?

Garrett Gilmore · Answer 1

Answer: 20%

100 shares at $45each cost 100*45 = $4500

After a year, he sold the share at the rate if $52 each and it cost 52*100 = 5200

He received dividend of $2 on each dollars meaning 100*2 = $200

So,

$5200+200 = 5400

Profit = $5400 - 4500 = 900

%profit = 900*100 / 4500 = 20

21. You purchase 100 shares of Ravioli Den for $45 per share. One year later, you sell the sharesfor $52 per share. During the one-year period you held the stock, you received $2 per sharein dividends. What was the percentage return on your investment in Ravioli Den?A. + 7%B. + 9%C + 16%D. + 20%