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

Step by Step Solution

3.41 Rating (154 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Answer is Option c 400 Explanation for the answer Given Total return 15 ie 15 of 40 15100 X 40 46 ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!