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You purchased 15 shares of Resorts, Inc. stock at a price of $42 a share exactly one year ago. You have received dividends totaling $2 a share. Today, you sold your shares at a price of $46 a share. What is your total dollar return on this investment?

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lucic

Answer:

$90

Explanation:

Initial number of shares purchased = 15

Initial value of a share during purchase= $42

Initial amount used to purchase shares = $42*15=$630

Divided received per share=$2

Total amount of divided received for the shares= $2*15=$30

Selling amount per share=$46

Total selling amount for the shares=$46*15=$690

Returns in shares= $30 + ($690-$630) = $30+$60=$90

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