Answered You can hire a professional tutor to get the answer.

QUESTION

Gunther earned a 62.5 percent return on a stock that he purchased one year ago. The stock is now worth $12, and he received a dividend of $1 during...

Gunther earned a 62.5 percent return on a stock that he purchased one year ago. The stock is now worth $12, and he received a dividend of $1 during the year. How much did Gunther originally pay for the stock?

Return on stock = 62.5%Let original purchase price be xStock is currently worth $ 12Dividend earned $1Return on investment =( Current price - Dividend earned - Purchase price) / purchase price...
Show more
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question