Problem:
Four months ago, you purchased 1,400 shares of Lakeside Bank stock for $23.32 a share. You have received dividend payments equal to $.59 a share. Today, you sold all of your shares for $24.32 a share.
Required:
Question: What is your total dollar return on this investment?
- $1,400
- $2,226
- $826
- $1,652
- $4,452
Note: Could someone please give me a step by step solution?