Eight months ago, you purchased 400 shares of Winston stock at a price of 46.40 a share. The company pays quarterly dividends of $1.05 a share. Today, you sold all your shares for 48.30 a share. What is your total percentage return on this investment?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter2: The Domestic And International Financial Marketplace
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Eight months ago, you purchased 400 shares of Winston stock at a price of 46.40 a share. The
company pays quarterly dividends of $1.05 a share. Today, you sold all your shares for 48.30 a share.
What is your total percentage return on this investment?
Transcribed Image Text:Eight months ago, you purchased 400 shares of Winston stock at a price of 46.40 a share. The company pays quarterly dividends of $1.05 a share. Today, you sold all your shares for 48.30 a share. What is your total percentage return on this investment?
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