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Category > Accounting Posted 27 May 2017 My Price 5.00

Wanda Sotheby purchased 120 shares of Home Depot stock at $82 a share

Wanda Sotheby purchased 120 shares of Home Depot stock at $82 a share. One year later, she sold the stock for $74 a share. She paid her broker a $34 commission when she purchased the stock and a $39 commission when she sold it. During the 12 months she owned the stock, she received $188 in dividends. Calculate Wanda’s total return on this investment.

 

 

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Alpha Geek
(8)
Status NEW Posted 27 May 2017 02:05 PM My Price 5.00

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file 1495896175-Answer.docx preview (108 words )
W-----------and-----------a S-----------oth-----------eby----------- pu-----------rch-----------ase-----------d 1-----------20 -----------sha-----------res----------- of----------- Ho-----------me -----------Dep-----------ot -----------sto-----------ck -----------at -----------$82----------- a -----------sha-----------re.----------- On-----------e y-----------ear----------- la-----------ter-----------, s-----------he -----------sol-----------d t-----------he -----------sto-----------ck -----------for----------- $7-----------4 a----------- sh-----------are-----------. S-----------he -----------pai-----------d h-----------er -----------bro-----------ker----------- a -----------$34----------- co-----------mmi-----------ssi-----------on -----------whe-----------n s-----------he -----------pur-----------cha-----------sed----------- th-----------e s-----------toc-----------k a-----------nd -----------a $-----------39 -----------com-----------mis-----------sio-----------n w-----------hen----------- sh-----------e s-----------old----------- it-----------. D-----------uri-----------ng -----------the----------- 12----------- mo-----------nth-----------s s-----------he -----------own-----------ed -----------the----------- st-----------ock-----------, s-----------he -----------rec-----------eiv-----------ed -----------$18-----------8 i-----------n d-----------ivi-----------den-----------ds.----------- Ca-----------lcu-----------lat-----------e W-----------and-----------aâ€-----------™s -----------tot-----------al -----------ret-----------urn----------- on----------- th-----------is -----------inv-----------est-----------men-----------t. ----------- So-----------lut-----------ion-----------: ----------- No-----------. o-----------f s-----------har-----------es -----------= 1-----------20 -----------Pur-----------cha-----------se -----------pri-----------ce -----------= $-----------82 -----------Sel-----------lin-----------g p-----------ric-----------e =----------- $7-----------4
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