Gelo, an investor, receives a 15% total return by purchasing a stock for P40 and selling it after one year with a 10% capital gain. How much was received in dividend income during the year?       A. P2.00 B. P2.20 C. P4.00 D. P6.00

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 5P
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Gelo, an investor, receives a 15% total return by purchasing a stock for P40 and selling it after one year with a 10% capital gain. How much was received in dividend income during the year?
 
 
 
A. P2.00
B. P2.20
C. P4.00
D. P6.00
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