Four months ago, you purchased 1,200 shares of City Stream stock for $19.08 a share. You have received dividend payments equal to $.60 a share. Today, you sold all of your shares for $20.08 a share. What is your total dollar return on this investment?
The Correct answer of the above question is $ 1,920.
Total Dollar Return = ( Price at the end - Price at the beginning + Any Income Recieved during the year )
Working Note -
1. Price at the beginning = No. Of shares * price of purchase
Price at the beginning = 1,200 * $ 19.08
Price at the beginning = $ 22,896
2. Price at the end = 1,200 * $20.08
Price at the end = $ 24,096
3. Income Recieved = 1,200 * $0.60
Income Recievd = $ 720
Then put the all digits in above formula.
Total Dollar Return = $24,096 - $22,896 + $720
Total Dollar Return = $ 1,920
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