Question

MedTech Corp. stock was $50.95 per share at the end of last year. Since then, it paid a $0.45 per share dividend. The stock price is currently $62.50. If you owned 500 shares of MedTech, what was your percent return?A. 7.20%B. 8.83%C. 22.67%D. 23.55%

Answer 1

Answer:

23.55 %

Explanation:

price last year = $ 50.95 per share

price currently = $ 62.50 per share

difference in price =  $ 62.50 per share  - $ 50.95 per share = $ 11.55

returns = ( $ 11.55 × 500) + ( $ 0.45 × 500) = $ 5775 + $ 225 = $ 6000

percent return = $ 6000 / ($50.95 × 500) = 0.2355 × 100 = 23.55 %