You recently purchased 100 shares of stock at $15 per share.The stock is now worth $20 per share,and it paid a $2 dividend during the time you held it.Your rate of return on this stock is closest to which of the following?
A)-20%
B)33%
C)35%
D)47%

Question

Quizplus · Accepted Answer

The rate of return is calculated as [(Ending Value - Initial Value + Dividends) / Initial Value] * 100. Here, [(($20 - $15) * 100 + $2 * 100) / ($15 * 100)] * 100 = 47%.

You Recently Purchased 100 Shares of Stock at $15 Per