Sarah and James Hernandez purchased 280 shares of Macy's stock at $11 a share. One year...
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Sarah and James Hernandez purchased 280 shares of Macy's stock at $11 a share. One year later, they sold the stock for $15.00 a share. They paid a broker a commission of $5 when they purchased the stock and a commission of $9 when they sold the stock. During the 12-month period the couple owned the stock, Macy's paid dividends that totaled $1.93 a share. Calculate the Hernandezes' total return for this investment. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Total return Sarah and James Hernandez purchased 280 shares of Macy's stock at $11 a share. One year later, they sold the stock for $15.00 a share. They paid a broker a commission of $5 when they purchased the stock and a commission of $9 when they sold the stock. During the 12-month period the couple owned the stock, Macy's paid dividends that totaled $1.93 a share. Calculate the Hernandezes' total return for this investment. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Total return
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