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Homework answers / question archive / You bought a share of stock for $53, held it for a year, during which time you collected four quarterly dividends of $0
You bought a share of stock for $53, held it for a year, during which time you collected four quarterly dividends of $0.17 each. At the end of the year, you sold the stock for $58. What is the total return? Report your answer in percent terms rounded to two decimal places Your Answer: Answer units
The total return is computed as follows:
= (Selling price - Purchase price + Quarterly dividend x 4) / Purchase price
= ($ 58 - $ 53 + $ 0.17 x 4) / $ 53
= $ 5.68 / $ 53
= 10.72%
