Suppose you purchased 100 shares of The Southern Companys common stock for $64.90 per share...
70.2K
Verified Solution
Link Copied!
Question
Finance
Suppose you purchased 100 shares of The Southern Companys common stock for $64.90 per share on January 3, 2022, the first day that the stock market was open for trading that year. During 2022, you received a cash dividend of $2.70 per share. At the end of the year, you sold each share of the Southern Company that you owned for $70.67 per share. You earned $270 in dividends, and you realized a $577 capital gain for a total dollar return of $847. Based on this information, what was the percentage that you generated from the dollar return? (You may round your final answer to the nearest hundredth.)
Group of answer choices
8%
9%
13%
12%
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.