Question: Your answer: (CHAPTER 8) Last year, you bought a share of stock for $55. Today, you decided to sell it, since it went in price

Your answer: (CHAPTER 8) Last year, you bought a share of

Your answer: (CHAPTER 8) Last year, you bought a share of stock for $55. Today, you decided to sell it, since it went in price to $62 a share. Also, over the year, the company paid you a $4 dividend. What was your total percentage return over the year? Let's break the solution to this problem into pieces: There are two components of total percentage return when you buy stock shares: the first one is related to the received dividend and it is called The second component is called (Do NOT use "%" in your answer. Round your answer to TWO decimal places, for example, 10.23) Calculating each of these two components gives % %, respectively. Therefore, your total percentage return over the year was____% ...and

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