At the beginning of last year, you invested $4,000 in 80 shares of the Chang Corporation. During

Question:

At the beginning of last year, you invested $4,000 in 80 shares of the Chang Corporation.

During the year, Chang paid dividends of $5 per share. At the end of the year, you sold the 80 shares for $59 a share. Compute your total HPY on these shares and indicate how much was due to the price change and how much was due to the dividend income.

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...