A year ago, you purchased 400 shares of Stellar Wood Products, Inc. stock at a price of

Question:

A year ago, you purchased 400 shares of Stellar Wood Products, Inc. stock at a price of $8.62 per share. The stock pays an annual dividend of $0.10 per share. Today, sold all of your shares for $4.80 per share. What is your total dollar return on investment?

A. -$382

B. -$372

C. -$1,528

D. -$1,488

E. -$1,360

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...