auradawson27
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Marie and Bob Houmas purchased 200 shares of General Electric stock for $23 a share. One year later, they sold the stock for $31 a share. They paid their broker a $32 commission when they purchased the stock and a $41 commission when they sold it. During the 12 months they owned the stock, they received $152 in dividends. Calculate the total return on this investment.

Respuesta :

Answer:

$1,679.

Explanation:

In the beginning they payed 4,600 dollars for their stocks.  They made 6,200 dollars after one year.  You will need to subtract the amount they payed from what they made.  this comes out to be $1,600.  Then subtract the brokers commission (32+41).  Once you do this the amount is $1,527.  Finally add the dividend (152) which gets you to 1,679 dollars.

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