Solved: The stock pays 022 a share in dividends each year today you, Accounting Basics

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The stock pays 022 a share in dividends each year today you

Question - One year ago, you purchased 400 shares of stock for $12 a share. The stock pays $0.22 a share in dividends each year. Today, you sold your shares for $28.50 a share. What is your total dollar return on this investment?

a- $6.222

b- $6,432

c- $6,520

d- $6,220

e- $6,608

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Accounting Basics: The stock pays 022 a share in dividends each year today you

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