Six months ago, you purchased 1,200 shares of ABC stock for $21

Finance Dec 22, 2020

Six months ago, you purchased 1,200 shares of ABC stock for $21.20 a share. You have received dividend payments equal to $.60 a share. Today, you sold all of your shares for $22.20 a share. What is your total dollar return on this investment? Select one: a. $1,200 b. $1,440 C. $1720 d. $1,920 Clear my choice

Expert Solution

total dollar return on the investment = (22.2 + 0.6 - 21.2)*1200

total dollar return on the investment = 1920

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