In: Finance
Suppose a stock had an initial price of $77 per share, paid a dividend of $1.55 per share during the year, and had an ending share price of $83. Compute the percentage total return.
Multiple Choice
9.81%
9.10%
10.91%
10.30%
9.31%
Percentage total return = (Ending share price - Initial price + Dividend) / Initial price
Percentage total return = ($83 - $77 + $1.55) / $77
Percentage total return = 0.0981 or 9.81%