TechNo stock was $25 per share at the end of last year. Since then, it paid a $1.50 per share dividend last year. The stock price is currently $23. If you owned 300 shares of TechNo, what was your percent return?

-2%

Explanation:

The computation of the percent return is shown below:

= {(Current market stock price value + Dividend received  - Stock purchase price) ÷ Stock Purchase price} × 100

where,

Current market stock price value equal to

= $23 × 300 shares

= $6,900

Dividend received = $1.50 × 300 shares = $450

Stock purchase price = $25 × 300 shares = $7,500

So, the percentage return is

= {($6,900 + $450 - $7,500) ÷ $7,500} × 100

= (-$150 ÷ $7,500) × 100

= -2%

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