Finance Lab Question

Business & Finance
Tutor: None Selected Time limit: 1 Day

Sprint stock ended the previous year at $36.56 per share. It paid a $2.92 per share dividend last year. It ended last year at $32.09. If you owned 720 shares of Sprint, what was your dollar return and percent return?

Dollar Return _$

Percent Return _%

Nov 4th, 2014

Dollar Return = (Ending Value - Beginning Value) + Income = $32.09*500 - $36.56*500 + $2.92*500

Dollar Return = $16,045 - $18,280 + $1,460 = - $775


Percentage Return = -$ 775 ÷ ($36.56×500) = - 0.0424 = - 4.24%


Nov 4th, 2014

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