Sarah and James Hernandez purchased 230 shares of Macy’s stock at $40 a share. One year later, they sold the stock for $80.00 a share. They paid a broker a commision of $11 when they purchased the stock and a commision of $15 when they sold the stock. During the 12-month period the couple owned the stock, Macy’s paid dividends that totaled $1.78 a share. Calculate the Hernandez total return for this investment.

Answer rating: 100% (QA)

Answer Sol No of shares 230 Share purchase price 40 per share Share sold price 80 per s... View the full answer