Noble stock was $60.00 per share at the end of last year. Since then, it paid a $2.00 per share dividend last year. The stock price is currently $58. If you owned 400 shares of Noble, what was your percent return?

To calculate the percent return on the investment, we need to consider both the dividend received and the change in the stock price.

### Step-by-Step Calculation:

1. **Initial Stock Price:**
   \[
   P_0 = 60.00 \, \text{(per share)}
   \]

2. **Current Stock Price:**
   \[
   P_1 = 58.00 \, \text{(per share)}
   \]

3. **Dividend Paid:**
   \[
   D = 2.00 \, \text{(per share)}
   \]

4. **Number of Shares:**
   \[
   N = 400
   \]

5. **Calculate Total Dividend Received:**
   \[
   \text{Total Dividend} = D \times N = 2.00 \times 400 = 800
   \]

6. **Calculate Change in Stock Price:**
   \[
   \text{Change in Stock Price} = P_1 - P_0 = 58 - 60 = -2 \, \text{(per share)}
   \]

7. **Calculate Total Change in Value of Stock Holdings:**
   \[
   \text{Total Change in Value} = \text{Change in Stock Price} \times N = (-2) \times 400 = -800
   \]

8. **Calculate Total Return:**
   \[
   \text{Total Return} = \text{Total Dividend} + \text{Total Change in Value} = 800 - 800 = 0
   \]

   The total return is zero, meaning there is no overall gain or loss in terms of total dollar amount.

9. **Calculate Percent Return:**

   The percent return can be calculated as:
   \[
   \text{Percent Return} = \left(\frac{\text{Total Return}}{\text{Initial Investment}}\right) \times 100
   \]

   The initial investment for 400 shares is:
   \[
   \text{Initial Investment} = P_0 \times N = 60 \times 400 = 24000
   \]

   Plugging in the values:
   \[
   \text{Percent Return} = \left(\frac{0}{24000}\right) \times 100 = 0\%
   \]

### Conclusion:

The percent return on the investment is **0%**. This means the overall investment value, taking into account both the dividend received and the change in stock price, did not change.

---

Do you have any questions or would you like more details on any part of the calculation?

Here are 5 related questions you might be interested in:

1. How would the percent return change if the dividend were different?
2. What is the significance of dividend yield in stock investment?
3. How do you calculate the percent return if the initial stock price is different?
4. How do you account for stock splits in percent return calculations?
5. What are other ways to calculate returns on investments?

**Tip:** Always consider both dividends and price appreciation when calculating the total return on a stock investment.

Learn how to calculate the percent return on an investment in Noble stock, considering initial stock price, current stock price, and dividends received. This problem covers key financial concepts, including percentage calculations and stock investments. Suitable for students or individuals interested in financial analysis.

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