Assume That You Purchased 100 Shares of a Stock for $70

question 59

Multiple Choice

Assume that you purchased 100 shares of a stock for $70 a share, that you received an annual dividend of $0.60 a share, and that you sold your stock for $80 a share at the end of one year. What is the total return for your investment? (Ignore commission amounts for this question.)

• A) $100
• B) $60
• C) $760
• D) $860
• E) $1,060