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Question: Sprint stock ended the previous year at $43
Question: Sprint stock ended the previous year at $43.76 per share. It paid a $3.22 per share dividend last year. It ended last year at $39.29.
If you owned 800 shares of Sprint, what was your dollar return and percentage return?
Expert Solution
Computation of Dollar Return:
Dollar Return = (Ending Value-Beginning Value+Dividend)*Number of Shares
= (39.29-43.76+3.22)*800
= -$1,000 (Negative)
Computation of Percentage Return:
Percentage Return = Dollar Return/Beginning Value
= -1.25/43.76
= -2.86% (Negative)
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