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One year ago, Peyton purchased 7,200 shares of Broncos stock for $329,640. Today, he sold those shares for $58.92 a share. What is the total return on this investment if the dividend yield is 2.2 percent

Respuesta :

Answer:

30.90%

Explanation:

total return = dividend yield + price appreciation

price appreciation = (current price per share / previous price per share) - 1

Previous price per share = $329,640 / 7,200 = $45.78

price appreciation = ( $58.92 / $45.78) - 1 = 0.287 = 28.70%

total return = 28.70% + 2.2% = 30.90%

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