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Joel purchased 100 shares of stock for $27 per share. During the​ year, he received dividend...

Joel purchased 100 shares of stock for $27 per share. During the​ year, he received dividend checks amounting to $207.

Joel recently sold the stock for $36 per share. What was​ Joel's return on the​ stock?

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Answer #1

Joel purchased 100 shares of stock for $27 per share. During the​ year, he received dividend checks amounting to $207.

Joel recently sold the stock for $36 per share.

Cost price of shares = 100 x 27

= $2,700

Sale price of shares = 100 x 36

= $3,600

​ Joel's return on the​ stock = Sale price of shares + Dividend received - Cost price of shares

= 3,600 + 207 - 2,700

= $1,107

​ Joel's return on the​ stock (%) = Absolute return/Cost price of shares

= 1,107/2,700

= 41%

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