An investor bought 2000 shares of Unilever Ghana Limited on 1st January 2018 through an investment broker and instructed
Posted: Tue Nov 16, 2021 7:53 am
An investor bought 2000 shares of Unilever Ghana Limited on
1st January 2018 through an investment broker and
instructed the broker to re-invest any dividends received in
additional shares of Unilever. During the year, Unilever paid three
dividends. The information on dividends and share prices at the
time of dividend payments is indicated below:
Date
Price Per share in Cedis
Dividend Per Share in Cedis
January
140
April
150
5
July
135
6
October
142
8
December
150
The investor calculated the return on his investment for the one
year holding period and recorded 20.71%. He is not sure whether
this is correct. You are required to:
1st January 2018 through an investment broker and
instructed the broker to re-invest any dividends received in
additional shares of Unilever. During the year, Unilever paid three
dividends. The information on dividends and share prices at the
time of dividend payments is indicated below:
Date
Price Per share in Cedis
Dividend Per Share in Cedis
January
140
April
150
5
July
135
6
October
142
8
December
150
The investor calculated the return on his investment for the one
year holding period and recorded 20.71%. He is not sure whether
this is correct. You are required to: