Answer to Question #109242 in Financial Math for Billy Bob Joe

Question

Please help me with this question and show the steps of how you got it:
Jill buys 10 shares of stock in Costco Corporation at $150 per share on January 30, a membership retailer. During the year, Costco had a dividend of $1.80 per share at the end of June and the stock rose to $164.00 a share. If Jill sold her stock on July 31, what would be her return?

Answer 1

decide by the formula of current profitability

$r=\frac{d}{P}$

find stock returns

$r=\frac{d}{P}=\frac{\$1.8}{150}=\$0.012,$

find dividends

$d=r\times P=\$164*0.012=\$1.968.$