Excelsior share are currently selling for $25.00 each. You bought 200 shares one year ago at $24 and received dividend payments of $1.50 per share. What was your percentage rate of return?
A) 10.42%
B) 4.17%
C) 6.25%
D) 110.42%
E) 104.67%

Question

Quizplus · Accepted Answer

The total cost of the shares when bought was 200 shares * $24 = $4800. The total value after one year, including dividends, is (200 shares * $25) + (200 shares * $1.50) = $5000 + $300 = $5300. The profit is $5300 - $4800 = $500. The percentage rate of return is ($500 / $4800) * 100 = 10.42%.

Excelsior Share Are Currently Selling for $25