Problem:
A year ago, you purchased 300 shares of Stellar Wood Products, Inc. stock at a price of $8.62 per share. The stock pays an annual dividend of $0.10 per share. Today, you sold all of your shares for $4.80 per share.
Required:
Question: What is your total dollar return on this investment?
- -$382
- -$1,372
- -$1,528
- -$1,116
- -$1,360
Note: Be sure to show how you arrived at your answer.