You purchased WPC common shares for $50 one year ago.You have received total dividends equal to $8 during the year.If your total return during the period is 12%,then what was the price of WPC when you sold the stock today?

Name: You purchased WPC common shares for $50 one year ago.You have received total dividends equal to $8 during the year.If your total return during the period is 12%,then what was the price of WPC when you sold the stock today?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

.12 = (8/50)+ ((P - 50)/50)====> P = 48

You Purchased WPC Common Shares for $50 One Year Ago