Question: Problem 12-1 Calculating Returns [LO1] Suppose a stock had an initial price of $90 per share, paid a dividend of $2.40 per share during

Problem 12-1 Calculating Returns [LO1] Suppose a stock had an initial price

Problem 12-1 Calculating Returns [LO1] Suppose a stock had an initial price of $90 per share, paid a dividend of $2.40 per share during the year, and had an ending share price of $98. Compute the percentage total return. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Total return 15.56 %

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