You Purchase 100 Shares of Stock at a Price of $45

Multiple Choice

You purchase 100 shares of stock at a price of $45 per share. One year later, the shares are selling for $47 per share. In addition, a dividend of $4 per share is paid at the end of each year.

What is the total dollar return for the investment?

A) $400
B) $500
C) $600
D) $800
E) $1,200