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Arnell Johnson Bought 200 Shares of Black Petroleum Company for $100

Question 43

Multiple Choice

Arnell Johnson bought 200 shares of Black Petroleum Company for $100 per share and paid a commission of $50.He sold the stock five years later for $125 per share and paid $65 commission.While he held the stock,it paid a dividend of $4.00 per share.What was Arnell's total dollar return on this stock?


A) $24,900
B) $20,000
C) $5,800
D) $5,700
E) $5,685

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