What would be the return on 200 shares of stock purchased on January 1, 2016 for $60 per share and sold on December 31, 2016 at $80 per share? Also assume that the company paid dividends of $2 per share over the year
The prices include all brokerage fees. Round to the nearest whole percent.
A) 37%
B) 25%
C) 33%
D) 40%
Answer: A
Explanation: A) [(80 - 60) + 2]/60 = 36.60 or 37%
Business
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