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 profit in dividends? What was her ROI? I am super confused and I don't know how to figure it out.

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Today at 9:48 AM
Mathematics

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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 profit in dividends? What was her ROI? I am super confused and I don't know how to figure it out.

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Teebhabzie Teebhabzie · Answer 1 · 2025-03-27T09:52:50-04:00

Answer:

Dividend profit = $44.4

ROI = 3.49%

Step-by-step explanation:

a. The dividend profit is calculated with the formula below:

Dividend profit = number of shares * dividend amount

From the question:

Number of shares = 40

Dividend amount = $1.11

Therefore:

DP = 40 * 1.11 = $44.4

b. ROI is the return on investment and it is calculated by dividing the net profit by initial value of the investment and multiplying by 100:

[tex]ROI = \frac{P}{IV} * 100[/tex]

The profit on the shares is $44.4.

The initial value of the shares 40 * 31.82 = $1272.8

Therefore, the ROI is:

[tex]ROI = \frac{44.4}{1272.8} * 100\\\\[/tex]

ROI = 3.49%

jjams8 jjams8 · Answer 2 · 2025-03-27T09:52:31-04:00

jjams8 jjams8

Today at 9:52 AM

Answer:

the answer is 3.5% because it asks you for the rounded answer

Step-by-step explanation:

Number of shares = 40

Dividend amount = $1.11

DP = 40 * 1.11 = $44.4=profit

The initial value of the shares 40 * 31.82 = $1272.8

ROI = 3.5%

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