An investor receives a 15% total return by purchasing a stock for $40 and selling it after one year with a 10% capital gain. How much was received in dividend income during the year?
A. $2.00
B. $2.20
C. $4.00
D. $6.00
Answer:A
An investor receives a 15% total return by purchasing a stock for $40 and selling it after one year with a 10% capital gain. How much was received in dividend income during the year?
A. $2.00 B. $2.20 C. $4.00 D. $6.00