Question

Glenn brothers stock was priced at $15 per share two years ago. The stock sold for $13 last year and now it sells for $18. What was the total return for owning glenn brothers stock during the most recent year? Assume that no dividends were paid. Round your answer to the nearest percent

Answer 1

0.38%

Step-by-step explanation:

Data provided in the question

Two year ago price of the stock is $15

Sale of the stock last year = $13

And now sale price of the stock = $18

So by considering the above information

The computation of the total return is shown below:

= (Sale price - purchase price) ÷ (Purchase price)

= ($18 - $13) ÷ ($13)

= ($5) ÷ ($13)

= 0.38%