Homework Answers
b. At the end of the day yesterday the price of the stock was $14.44 (it was calculated by subtracting the change in today's price from last traded price i.e $15.25 - $0.81).
c. based on the current price of $15.25 and the volume of shares traded which is 60 million, the value of shares traded is (60 million * $15.25 = $915 million)
d. The percentage of shares out of all the shares of company that are traded today can be calculated dividing total volume today with the total outstanding shares., therefore, 60 million / 5563 million * 100 = 1.07% shares.
e. Total value of shares own = 15.25 * 150 = $2287.5, the dividend yield is 20.20%, so the expected dividend will be 2287.5 * 20.20% = $462.01
f. P/E ratio = Market price / EPS
16.48 = $15.25 / EPS
EPS = $0.93 (rounded)
g. EPS = Total profit / number of shares outstanding
$0.93 = Total profit / 5563 million
Total profit = $5,173 million
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