calculation Problem 7Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › calculation Problem 7This topic has 3 replies, 2 voices, and was last updated 9 years ago by John Moffat.Viewing 4 posts - 1 through 4 (of 4 total)AuthorPosts November 2, 2015 at 7:06 pm #280129 riponMemberTopics: 14Replies: 9☆ABC co has just paid dividend of 24 cents per share and its current share price one year ago was $3.60. The total shareholder return for the year was 23.3%.What is the current share price?A) $3.84B) $4.44C) $3.88D) $4.20 November 3, 2015 at 6:43 am #280165 John MoffatKeymasterTopics: 57Replies: 54628☆☆☆☆☆The total return over the year is 23.3% x $3.60 = $0.8388.The dividend for the year is $0.24, so the rest of the $0.8388 is the increase in the share price over the year. November 3, 2015 at 7:44 am #280181 riponMemberTopics: 14Replies: 9☆so correct ans is d. thank you sir. November 3, 2015 at 10:34 am #280204 John MoffatKeymasterTopics: 57Replies: 54628☆☆☆☆☆You are welcome 🙂AuthorPostsViewing 4 posts - 1 through 4 (of 4 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In