Wanda Sotheby purchased 165 shares of Home Depot stock at $43 a share. One year later, she sold the stock for $55 a share. She paid her broker a commision of $43 when she purchased the stock and a commision of $50 when she sold it.
During the 12 months she owned the stock, she received $136 in dividends. Calculate Wanda's total return on this investment.
Total return $
Learning Objective: 12-01 Identify the most important features of common and preferred stock.