Business, 01.08.2020 16:01 deedee363

Sarah and James Hernandez purchased 140 shares of Macy's stock at $31 a share. One year later, they sold the stock for $35 a share. They paid a broker a commision of $8 when they purchased the stock and a commission of $12 when they sold the stock. During the 12-month period the couple owned the stock, Macy's paid dividends that totaled $1.51 a share. Calculate the Hernandezes’ total return for this investment. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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Sarah and James Hernandez purchased 140 shares of Macy's stock at $31 a share. One year later, they...

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