Question

lee purchased stock with an initial share price of $32, and sold it when the share price was $50. while he owned the stock, he earned $2 in dividends. what was his total percentage return on the investment? 56.25% 36.00% 62.50% 40.00%

Explanation:

Step1: Calculate total return

Total return = (Selling price - Purchase price + Dividends) = $50 - $32 + $2 = $20

Step2: Calculate percentage return

Percentage return = (Total return / Purchase price) 100 = ($20 / $32) 100 = 62.50%

Answer:

62.50%