Neco Model Questions Vol1 2021 Commerce Question 29
Practice objective / multiple choice question 29 from the 2021 Neco Model Questions Vol1 Commerce examination.
An investor makes the following transactions in XYZ Ltd shares during the year: - 1 January: purchases 200 shares at ₦1,500 each. - 1 March: purchases 150 shares at ₦1,650 each. - 30 June: sells 100 shares at ₦1,800 each. XYZ Ltd pays an interim dividend of ₦120 per share on 15 July and a final dividend of ₦150 per share on 20 December. At year‑end the market price of XYZ Ltd shares is ₦1,750. Assuming no transaction costs and that the average‑cost method is used to allocate purchase costs, calculate the investor's total return (as a percentage) for the year based on the average cost of the remaining shares.
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About This Question
This is Neco Model Questions Vol1 2021 Commerce Question 29. It is one of the objective questions from the 2021 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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