One Year Ago,Stacey Purchased 300 Shares of IXC Tek Stock

question 69

Multiple Choice

One year ago,Stacey purchased 300 shares of IXC Tek stock at a price of $11.23 per share.The stock pays an annual dividend of $.23 per share.Today,Stacey sold all of her shares for $16.20 per share.What is her total dollar return on this investment?

• A)$1,703
• B)$1,560
• C)$1,422
• D)$1,389
• E)$1,491

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