One year ago,Stacey purchased 300 shares of IXC Tek stock at a price of $11.23 per share.The stock pays an annual dividend of $.23 per share.Today,Stacey sold all of her shares for $16.20 per share.What is her total dollar return on this investment?
A)$1,703
B)$1,560
C)$1,422
D)$1,389
E)$1,491

Question

Quizplus · Accepted Answer

Total dollar return = ($16.20 - 11.23 + .23)× 300 = $1,560

One Year Ago,Stacey Purchased 300 Shares of IXC Tek Stock