Business, 22.04.2020 18:50 marionyallop9205
Gunther earned a 62.5 percent return on a stock that he purchased one year ago. The stock is now worth $12, and he received a dividend of $1 during the year. How much did Gunther originally pay for the stock?
Answers: 2
![Total\ return = [\frac{Dividend + (Value\ of\ stock\ after\ 1\ year - Purchase\ Value)}{Purchase\ Value} ]\times 100](/tpl/images/0618/6293/b05a2.png)
![62.5 = [\frac{1 + (12 - Purchase\ Value)}{Purchase\ Value} ]\times 100\\\\0.625 Purchase\ Value = 1 + 12 - Purchase\ Value\\\\1.625 Purchase\ Value = 13\\\\Purchase\ Value = 8](/tpl/images/0618/6293/48a47.png)
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Gunther earned a 62.5 percent return on a stock that he purchased one year ago. The stock is now wor...
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