A year ago, you purchased 300 shares of IXC Technologies at a price of £9.03 per share.The shares pay an annual dividend of £.10 per share.Today, you sold all of your shares for £28.14 per
Share.What is your total monetary return on this investment?
A)£5,703
B)£5,733
C)£5,753
D)£5,763
E)£5,853

Question

Quizplus · Accepted Answer

First, calculate the total cost of purchasing the shares:
300 shares * £9.03 per share = £2,709
Next, calculate the total dividends received:
300 shares * £0.10 per share = £30
Then, calculate the total revenue from selling the shares:
300 shares * £28.14 per share = £8,442
Now, calculate the total monetary return on the investment:
Total Return = revenue - cost + dividends
Total Return = £8,442 - £2,709 + £30 
Total Return = £5,763

Therefore, the total monetary return on this investment is £5,763 (option D).

A Year Ago, You Purchased 300 Shares of IXC Technologies