Julio purchased a stock one year ago for $27. The stock is now worth $32, and the total return to Julio for owning the stock was 37 percent. What is the dollar amount of dividends that he received for owning the stock during the year

$5

Explanation:

Calculation to determine the dollar amount of dividends that he received for owning the stock during the year

First step is to calculate the total profit earned

Total profit=$27*37%

Total profit=$10

Second step is calculate the Value of stock with profits earned

Value of stock=$27+$10

Value of stock=$37

Now let calculate the the dollar amount of dividends

Dividend=$37-$32

Dividend=$5

Therefore the dollar amount of dividends that he received for owning the stock during the year is $5

i think it is sales-oriented, but i am not sure

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