Question
An investor receives a 15% total return by purchasing a stock for $40 and selling it after one year with a 5% capital gain. How
An investor receives a 15% total return by purchasing a stock for $40 and selling it after one year with a 5% capital gain. How much was received in dividend income during the year?
A. $2.00
B. $2.20
C. $4.00
D. $4.40
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Answer is Option c 400 Explanation for the answer Given Total return 15 ie 15 of 40 15100 X 40 46 ...Get Instant Access to Expert-Tailored Solutions
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
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