Can someone please tell me how to set this up?

I tried doing (45+1.50 - 47) x 150 but I don't think this is right. thank you

An investor in a Corporation. On January 1, Year One, purchased 150 shares of the corporation’s capital stock at a price of $45 per share. On October 15, Year One, the corporation distributed a cash dividend of $1.50 per share to its stockholders. On December 31, Year
One, the corporations stock is selling for $47 per share. What is the annual rate of return on this
investment during Year One, rounded to one decimal point?

47 - 45 = 2

2 + 1.50 = 3.50

100(3.5/45) = 7.8%

To calculate the annual rate of return on this investment, you need to consider both the dividend received and the change in the stock price.

First, let's calculate the dividend received. The investor purchased 150 shares and received a dividend of $1.50 per share. To find the total dividend, multiply the number of shares (150) by the dividend per share ($1.50):

Dividend = 150 shares × $1.50 per share = $225

Next, let's calculate the change in the stock price. The investor purchased the stock for $45 per share and sold it for $47 per share. To find the change in price per share, subtract the purchase price from the selling price:

Change in price per share = Selling price - Purchase price
= $47 per share - $45 per share
= $2

Now, let's calculate the total change in value by multiplying the change in price per share by the number of shares:

Change in value = Change in price per share × Number of shares
= $2 per share × 150 shares
= $300

To calculate the annual rate of return, we need to consider the total gain, which includes the dividend and the change in value. Sum up the dividend ($225) and the change in value ($300):

Total gain = Dividend + Change in value
= $225 + $300
= $525

Lastly, to find the annual rate of return, divide the total gain by the initial investment amount and express it as a percentage:

Annual rate of return = (Total gain / Initial investment) × 100
= ($525 / $6,750) × 100
≈ 7.78%

Therefore, the annual rate of return on this investment during Year One is approximately 7.8%, rounded to one decimal point.