Certainly! Let's go step by step to find your return from purchasing and selling shares of Ajax Corporation.
1. Initial Purchase Cost:
- Number of shares purchased: 100
- Purchase price per share: [tex]$15
- Total initial purchase cost = Number of shares * Price per share
\[
100 \text{ shares} \times \$[/tex]15 \text{ per share} = \[tex]$1500
\]
2. Total Amount from Selling Shares:
- Selling price per share: $[/tex]22
- Total amount received from selling shares = Number of shares * Selling price per share
[tex]\[
100 \text{ shares} \times \$22 \text{ per share} = \$2200
\][/tex]
3. Total Dividends Received:
- Dividend per share: [tex]$2
- Total dividends received = Number of shares * Dividend per share
\[
100 \text{ shares} \times \$[/tex]2 \text{ per share} = \[tex]$200
\]
4. Total Return Calculation:
- Total return = Total amount from selling shares + Total dividends received - Total initial purchase cost
\[
\$[/tex]2200 + \[tex]$200 - \$[/tex]1500 = \[tex]$900
\]
5. Return Percentage Calculation:
- Return percentage = (Total return / Total initial purchase cost) * 100
\[
\left( \frac{\$[/tex]900}{\$1500} \right) \times 100 \approx 60\%
\]
6. Final Step – Rounding:
- The return percentage rounded to the nearest whole number is 60%.
Therefore, your return from this investment, after accounting for the dividends and rounding to the nearest whole percent, is 60%.
