Mr. Dow bought 100 shares of stock at $29 per share. Three years later, he sold...

Question

Question

Mr. Dow bought 100 shares of stock at $29 per share. Three years later, he sold the stock for $35 per share.

What is his annual rate of return? Use Appendix B for an approximate answer, but calculate your final answer using the financial calculator method

Answer 1

Answer #1

C7 fc =RATE(C2,C3,-C4,C5, C6) A B с D 1 3 2 NPER 3 PMT 4 PV 0 29 5 FV Total No.of Payments Payment per period Present Value F

Answer 2

Similar Homework Help Questions

Problem 9-33 Yield on investment (LO9-4] Mr. Dow bought 100 shares of stock at $11 per...

Problem 9-33 Yield on investment (LO9-4] Mr. Dow bought 100 shares of stock at $11 per share. Three years later, he sold the stock for $17 per share. points What is his annual rate of return? Use Appendix B for an approximate answer, but calculate your final answer using the financial calculator method. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) eBook Annual rate of return Hint Print References
three years ago James Madison bought 200 shares of a mutual fund $23 a share 23....

three years ago James Madison bought 200 shares of a mutual fund $23 a share 23. He receive total income dividends of $.92 per share he also receive total capital gain distributions of $.80 per share during a three-year period at the end of three years he sold his shares for $29 a share what was the total return for this investment Three years ago, James Matheson bought 200 shares of a mutual fund for $23 a share. During the...
Juana short sold 100 shares of stock at a price of $24 a share. He used...

Juana short sold 100 shares of stock at a price of $24 a share. He used 60% margin to make the purchase. Juana bought the 100 shares of the stock after a year for $26 a share to close his position. Ignoring margin interest and trading costs, what is his return on his equity for this investment

on janurary 2,2004 tiffany bought 100 shares of johnson companys's stock for $12 per share. She...

on janurary 2,2004 tiffany bought 100 shares of johnson companys's stock for $12 per share. She sold 100 shares on Dec 21, 2014 for $60 per share. What is her annual return on investing in Johnson companys stock over the 11 years from 2004 to 2014?
Fred purchased 100 shares of Ekto Corporation common stock for $30.3 per share on June 1,...

Fred purchased 100 shares of Ekto Corporation common stock for $30.3 per share on June 1, 2001 and then sold it exactly 11 years later for $43.91 per share. What was Fred's geometric mean average annual return on this investment? 4.08% 2.82% 3.43% 2.48% 1 points QUESTION 6 Fred purchased 100 shares of Ekto Corporation common stock for $31.99 per share on June 1, 2001 and then sold it exactly 3 years later for $43.53 per share. What was...
Thomas purchased 200 shares of stock A for $11 a share and sold them more than a year later for $ 9 per share. He purc...

Thomas purchased 200 shares of stock A for $11 a share and sold them more than a year later for $ 9 per share. He purchased 700 shares of stock B for $41 per share and sold them for $53 per share after holding them for more than a year. Both of the sales were in the same year. If Thomas is in a 25% tax bracket, what will his capital gains tax be for the year? If Thomas is...

Fred purchased 100 shares of Ekto Corporation common stock for $30.3 per share on June 1,...

Fred purchased 100 shares of Ekto Corporation common stock for $30.3 per share on June 1, 2001 and then sold it exactly 11 years later for $43.91 per share. What was Fred's geometric mean average annual return on this investment? 4.08% 2.82% 3.43% 2.48% 1 points QUESTION 6 Fred purchased 100 shares of Ekto Corporation common stock for $31.99 per share on June 1, 2001 and then sold it exactly 3 years later for $43.53 per share. What was...
Matt sold 200 shares of stock today for $34 a share. He purchased those shares three...

Matt sold 200 shares of stock today for $34 a share. He purchased those shares three years ago at a cost of $26 per share. His average tax rate is 22 percent, his marginal tax rate is 28 percent, and the capital gains tax is 15 percent. How much federal income tax does Matt owe on the sale of these shares?
You purchased 100 shares of stock for a share price of $16.47. You sold the stock...

You purchased 100 shares of stock for a share price of $16.47. You sold the stock two years later for a share price of $19.33. You also received total dividend payments of $0.72 per share. What was your total return on your investment?

You purchased 100 shares of stock for a share price of $16.84. You sold the stock...

You purchased 100 shares of stock for a share price of $16.84. You sold the stock two years later for a share price of $18.78. You also received total dividend payments of $0.77 per share. What was your total return on your investment?