Joel purchsed 100 shares of stock for $27 per share.During the year,he received dividend checks amounting...
ollar Amount of Return. Joel purchased 100 shares of stock for $12 per share. During the year, he received dividend checks amounting to $102. Joel recently sold the stock for $18 pershare. What is the door mount of Joel's return? The dollar amount of Joel's return is (Round to the nearest dollar) Enter your answer in the answer box
Return on Stock. Joel purchased 100 shares of stock for $35 per share. During the year, he received dividend checks amounting to $302. Joel recently sold the stock for $56 per share. What was Joel's return on the stock? (Enter as a percentage and round to two decimal places.) Joel's retun on the stock was% Enter your answer in the answer box. & $ % # 6 7 2 3 CO 5
B. Investing Fundamentals 1.a Return on Stock. Mica purchased 1000 shares of stock for $28 per share. During the year, she received dividend checks amounting to $2,000. Mica recently sold the stock for $33 per share. What was Mica's percentage return on the stock (including both dividends and capital gains)? Work: 35 Rokkos Fall 2019 Problem Set 3 Answer Point Value Points Earned 36 1.b Capital Gains Tax. Mica is single and is in a 32% tax bracket. What amount...
One year ago, you purchased 17 shares of XYZ stock for $95 per share. During the year, you received dividend of $1 per share. Today, you sold all your shares for $103 per share. What is the percentage return on your investment?
5-6. Earlier today, Stuart sold 200 shares of stock he owned. He purchased the stock three years ago for $28 per share. Following is a table that shows the market value of the stock at the end of each year and the amount of the dividend that Stuart received during the year: Year Market Dividend Value (per share) share) (per $26 50.60 28 0.60 32 0.60 (a) What total return (yield) did Stuart earn during the three-year period he held...
Abby purchased 100 shares of her father’s favorite stock for $27 per share exactly 1 year ago, commission free. She sold it today for a total amount of $3200. She plans to invest the entire amount in a different corporation’s stock today, but she must now pay a $30 commission fee. If she plans to sell this new stock exactly 1 year from now and realize the same return as she has just made, what must be the total amount...
5-1. Yesterday Travis sold 1,000 shares of stock that he owned for $29 per share. Travis purchased the stock one year ago for $28 per share. During the year, Travis received a quarterly dividend equal to $0.10 per share. What return (yield) did Travis earn during the time he owned the stock? 5-3. One year ago, Regina purchased $1,050 worth of Elite Electrician's common stock for $42 per share During the year, Regina received two dividend payments, each equal to...
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Mamood just received a stock dividend from a company in which he owns shares. He is upset that it is a stock dividend rather than a cash dividend. He knows he has to pay tax on this dividend but is worried he won't have the money to pay the tax. What should Mamood do? a) He can contact the company and request a cash dividend instead. b) He can sell some of the shares he received from the...
In Year 1, Lilly purchased 100 shares of Collins stock for $18,000 ($180 per share). In Year 2, the corporation declared a 50 percent stock dividend and Lilly received 50 new shares. What was Lilly’s basis after the stock dividend?
You short-sell 100 shares of Tuckerton Trading Co., now selling for $20 per share. What is your maximum possible gain ignoring transactions cost? One year ago, you purchased 400 shares of stock for $12 a share. The stock pays $0.22 a share in dividends each year. Today, you sold your shares for $28.30 a share. What is your total dollar return (absolute return, that is, in dollars and cents) on this investment? One year ago, you bought a stock for...