An investor purchased 100 shares of Suncor at $36

Finance Aug 15, 2020

An investor purchased 100 shares of Suncor at $36.50 and later sold his investment at $32.60. If he received $0.9 in dividends, what was his total dollar return?

-$540

-$260

-$390

-$300

Expert Solution

Computation of the total dollar return:-

Total dollar return = Selling price - Purchase price + Dividends

= ($32.60 * 100) - ($36.50 * 100) + ($0.9 * 100)

= $3,260 - $3,650 + $90

= -$300

Correct option is 4). -$300

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