Question

curtis purchased stock with an initial share price of $140, and sold it when the share price was $119. while he owned the stock, he earned $10 in dividends. what was his total percentage return on the investment? -9.24% -17.65% -15.00% -7.86%

Explanation:

Step1: Calculate total return

Total return = (Selling price - Purchase price + Dividends) = \(119 - 140 + 10 = -11\)

Step2: Calculate percentage return

Percentage return = \(\frac{\text{Total return}}{\text{Purchase price}} \times 100\% = \frac{-11}{140} \times 100\% \approx -7.86\%\)

Answer:

-7.86% (The option with -7.86%)