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

The total monetary return includes both the capital gain and the dividends received. The capital gain is (28.14 - 9.03) * 300 = £5,739. The total dividends received are 0.10 * 300 = £30. Therefore, the total monetary return is £5,739 + £30 = £5,769. However, since the closest option is £5,763, it seems there might be a slight discrepancy in the calculation or rounding in the options provided.

A Year Ago,you Purchased 300 Shares of IXC Technologies at a Price