Four months ago you purchased 1200 shares of LBM stock for 9

Four months ago, you purchased 1,200 shares of LBM stock for $9.30 a share. Last month you received a dividend payment of $.065 a share. Today, you sold the shares for $8.62 a share. What is your total dollar return on this investment?

Solution

Total dollar return on this investment

=(final value per share-initial value per share+dividend payment per share)*number of share

=($8.62 - $9.30 + $0.065) × 1200 = -$738