You purchased 500 shares of stock at a price of $86.34 and received a dividend of $0.97 per share. You sold the stock for $92.14. What was your total dollar return?
A) $2,900.00
B) $3,163.00
C) $3,385.00
D) $3,504.00
E) $3,723.00

Question

Quizplus · Accepted Answer

The total dollar return is calculated by adding the capital gain and the dividend income. The capital gain is (92.14 - 86.34) * 500 = $2,900. The dividend income is 0.97 * 500 = $485. Therefore, the total dollar return is $2,900 + $485 = $3,385.

You Purchased 500 Shares of Stock at a Price of $86.34