Problem:
One year ago, Peyton purchased 3,600 shares of Broncos stock for $101,124. Today, he sold those shares for $26.60 a share.
Required:
Question: What is the total return on this investment if the dividend yield is 1.9 percent?
- -3.98 percent
- -3.40 percent
- -2.29 percent
- 1.10 percent
- 3.40 percent
Note: Please show guided help with steps and answer.