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An investor pays $63.00 per share for stock in a given REIT. The REIT declares a dividend of $4.00 per share and has an EPS of $2.37. Considering the recovery of capital (ROC), what is the new cost basis of the stock acquired by the investor

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abiolataiwo2015

Answer:

$61.37

Explanation:

Calculation for the new cost basis of the stock acquired by the investor

Using this formula

New cost basis=Stock-Dividend+EPS

Let plug in the formula

New cost basis=$63.00-$4.00+$2.37

New cost basis=$61.37

Therefore the new cost basis of the stock acquired by the investor will be $61.37

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