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Janice bought 40 shares of stock at $31.82 per share. She received dividends of $1.11 per share for 1 year. What was her purchase price

Respuesta :

Her purchase price was 40×($31.82-$1.11)=$4×307.1=$1228.4

Answer:

$1,228.40

Step-by-step explanation:

Janice bought 40 shares of stock at = $31.82 per share

She received dividends per share = $1.11

Now her purchase price per share = 31.82 - 1.11 = $30.71

Her purchase price of total 40 shares = 30.71 × 40 = $1,228.40

Purchase price of stock would be $1,228.40.

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