One year ago,you purchased 500 shares of stock for $12 a share.The stock pays $0.22 a share in dividends each year.Today,you sold your shares for $28.30 a share.What is your total dollar return on this investment?
A) $6,222
B) $7,432
C) $8,150
D) $7,775
E) $8,260
Correct Answer:
Verified
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