An investor receives a 15% total return by purchasing a stock for $40 and selling it after one year with a 10% capital gain. How much was received in dividend income during the year?
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An investor receives a 15% total return by purchasing a stock for $40 and selling it after one year with a 10% capital gain. How much was received in dividend income during the year?
Let's see , simple interest of 15% of $40.00 is $46.00 and 10% of your gains $6.00 is .60 cents.
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