Sprint Nextel Corp stock ended the previous year at $23 36 per share It paid a $2 37 per share dividend last year It ended last year at $18 89 If you owned 500 shares of Sprint, what was your dollar return and percent return ...

Sprint Nextel Corp stock ended the previous year at $23.36 per share. It paid a $2.37 per

Question:

Sprint Nextel Corp stock ended the previous year at $23.36 per share. It paid a $2.37 per share last year. It ended last year at $18.89. If you owned 500 shares of Sprint, what was your dollar return and percent return?

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...