One year ago,Stacey purchased 200 shares of IXC stock at a price of $42.68 per share.The stock pays an annual dividend of $1.06 per share.Today,she sold all of her shares for $37.43 per share.What is her total dollar return on this investment?
A)−$703
B)−$838
C)$1,022
D)$1,262
E)−$1,050

Question

Quizplus · Accepted Answer

Total dollar return = ($37.43 − $42.68 + $1.06)× 200 = −$838

One Year Ago,Stacey Purchased 200 Shares of IXC Stock at a Price