Jack earned a 15.4 per cent return on a share that he purchased one year ago. The share is now worth $12.51, and he just received a dividend of $1.11. How much did Jack originally pay for the share? (in dollars to the nearest cent; don’t use $ sign)
Return on the share is given by the formula: | |
Return = [Dividend received+Ending share price (P1)-Beginning share price (P0))/Beginning share price (P0) | |
Substituting available values, we have | |
=0.154 = (1.11+12.51-P0)/P0 | |
Solving for P0 | |
0.154*P0 = 1.11+12.51-P0 | |
1.154*P0 = 13.62 | |
P0 = 13.62/1.154 = | $ 11.80 |
Answer: Price paid by Jack originally for the share | |
(P0) = $11.80 | |
CHECK: | |
Return earned by Jack = (1.11+12.51-11.80)/11.80 = | 15.42% |
Jack earned a 15.4 per cent return on a share that he purchased one year ago....
Jack earned a 13.7 per cent return on a share that he purchased one year ago. The share is now worth $12.23, and he just received a dividend of $0.99. How much did Jack originally pay for the share? (in dollars to the nearest cent; don’t use $ sign)
Jack earned a 18.2 per cent return on a share that he purchased one year ago. The share is now worth $10.98, and he just received a dividend of $1.36. How much did Jack originally pay for the share? (in dollars to the nearest cent; don't use $ sign)
1) Jack earned a 14.6 per cent return on a share that he purchased one year ago. The share is now worth $14.42, and he just received a dividend of $0.78. How much did Jack originally pay for the share? (in dollars to the nearest cent; don't use $ sign) 2) Jill purchased a share one year ago for $13.39. The share is now worth $15.43, and the total return to Jill for owning the share was 20.6 per cent....
Jack purchased a share one year ago for $6.19, and it is now worth $14.60. The share paid a dividend of $0.99 during the year. What was the share's income rate of return during the year? (as a percentage to the nearest two decimal points. don’t use % sign. eg 2.881% is 2.88)
Jill purchased a share one year ago for $13.94. The share is now worth $14.51, and the total return to Jill for owning the share was 27.9 percent. The dollar amount of dividends that she received for owning the share during the year is expressed in dollars to the nearest cent don't use Ssign or commas eg 50 cents is 0.50) Answer: Next page Jill purchased a share one year ago for $9.10, and it is now worth $11.07. The...
Jill purchased a share one year ago for $13.19. The share is now worth $14.81, and the total return to Jill for owning the share was 23.6 per cent. The dollar amount of dividends that she received for owning the share during the year is (expressed in dollars to the nearest cent; don't use $sign or commas eg 50 cents is 0.50)
Jack purchased a share one year ago for $6.40, and it is now worth $11.62. The share paid a dividend of $1.41 during the year. What was the share's income rate of return during the year?
Jill purchased a share for $8.26 one year ago. The share is now worth $16.96. During the year, the share paid a dividend of $0.53. What is the total return to Jill from owning the share? (as a percentage to the nearest two decimal points; don’t use % sign. eg 2.881% is 2.88.)
Jill purchased a share one year ago for $6.05, and it is now worth $11.95. The share paid a dividend of $1.20 during the year. What was the share's rate of return from capital appreciation during the year? (as a percentage to the nearest two decimal points. don’t use % sign. eg 2.881% is 2.88)
Jill purchased a share one year ago for $5.82, and it is now worth $11.67. The share paid a dividend of $1.20 during the year. What was the share's rate of return from capital appreciation during the year? (as a percentage to the nearest two decimal points. don’t use % sign. eg 2.881% is 2.88)