Question

# Four months ago, you purchased 1,200 shares of City Stream stock for \$19.08 a share. You...

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?

\$720

\$3,840

\$1,440

\$1,200

\$1,920

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 )

then,

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.

Then,

Total Dollar Return = \$24,096 - \$22,896 + \$720

Total Dollar Return = \$ 1,920

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Thanks

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