Sprint Nextel Corp stock ended the previous year at $43.76 per share. It paid a

Question

Sprint Nextel Corp stock ended the previous year at $43.76 per share. It paid a $3.22 per share dividend last year. It ended last year at $39.29.

If you owned 800 shares of Sprint, what was your dollar return and percent return? (Negative answers should be indicated with a minus sign. Round your percent return answer to 2 decimal places.)

If you owned 800 shares of Sprint, what was your dollar return and percent return? (Negative answers should be indicated with a minus sign. Round your percent return answer to 2 decimal places.)

Explanation / Answer

Ans:

Computation of dollar return and percentage return

1) Dollar return = ($39.29 + $3.22) - $43.76

= $42.51 - $43.76  

= -$1.25

percentage return = ($39.29 + $3.22) - $43.76 / $43.76

= (- $1.25 / $43.76 ) * 100

= - 2.86%  

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