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Suppose you purchased 100 shares of The Southern Companys common stock for $64.90 per share...

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Finance

Suppose you purchased 100 shares of The Southern Companys common stock for $64.90 per share on January 3, 2022, the first day that the stock market was open for trading that year. During 2022, you received a cash dividend of $2.70 per share. At the end of the year, you sold each share of the Southern Company that you owned for $70.67 per share. You earned $270 in dividends, and you realized a $577 capital gain for a total dollar return of $847. Based on this information, what was the percentage that you generated from the dollar return? (You may round your final answer to the nearest hundredth.)

Group of answer choices

8%

9%

13%

12%

Answer & Explanation Solved by verified expert
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