Arnell Johnson bought 200 shares of Black Petroleum Company for $95 per share and paid a commission of $60.He sold the stock five years later for $120 per share and paid $75 commission.While he held the stock,it paid a dividend of $5.50 per share.What was Arnell's total dollar return on this stock?
A) $5,000
B) $4,865
C) $1,100
D) $6,100
E) $5,965
Correct Answer:
Verified
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