Question

You purchased 1,350 shares of stock in Natural Chicken Wings, Inc., at a price of $43.58 per share. Since you purchased the stock, you have received dividends of $1.09 per share. Today, you sold your stock at a price of $47.76 per share. What was your total percentage return on this investment?A. 10.84%B. 12.09%C. 13.76%D. 9.59%E. 12.90%

Answer 1

Answer:

B. 12.09%

Explanation:

Calculation for the total percentage return on this investment

Investment total percentage return= ($47.76 per share -$43.58 per share+$1.09 per share/$43.58) × 100

Investment total percentage return= $5.27/$43.58 × 100

Investment total percentage return= 0.1209× 100

Investment total percentage return= 12.09%

Therefore the total percentage return on this investment will be 12.09%