You purchased 1000 shares of WMT stock on November 16, 2021 for $141.94. You sold the 1000
Fantastic news! We've Found the answer you've been seeking!
Question:
You purchased 1000 shares of WMT stock on November 16, 2021 for $141.94. You sold the 1000 shares November 17, 2022 for $148. Wal-Mart had a 1.51% dividend yield on cost when you invested in the stock. Assume this is dividend was paid to you before you sold the stock. Hint: I gave your dividend yield for a reason.
- Calculate the dollar return and percentage return on the sale of the stock only. (4 points)
- Calculate the total dividend paid and percent return on the dividend. (4 points)
- Calculate your total profit or loss and percent return of the investment (2 points)
Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date: