Jack purchased a share one year ago for $9.12, and it is now worth $11.86. The...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Jack purchased a share one year ago for $9.12, and it is now worth $11.86. The share paid a dividend of $1.74 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) Jack purchased a share one year ago for $9.12, and it is now worth $11.86. The share paid a dividend of $1.74 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)
Expert Answer:
Answer rating: 100% (QA)
PO Purchase price 912 P1 Current price 1186 D Dividend 1... View the full answer
Related Book For
Statistics for Business and Economics
ISBN: 978-0132930192
8th edition
Authors: Paul Newbold, William Carlson, Betty Thorne
Posted Date:
Students also viewed these finance questions
-
it is estimated that a manufacturing concerns needs for storage space can be met by providing 240000 square feet of space at a cost of 830 per square foot now and providing an additional 60000
-
It is estimated that while world coffee prices hover around 50 per pound, production costs are around 80 per pound. According to a report issued in September 2002 by the relief agency Oxfam, prices...
-
It is estimated that next year hourly wage rates will increase by 7 percent and productivity will increase by 5 percent. What would you expect to happen to unit labor cost? Discuss how this unit...
-
Let Go n! + 1, where n is a positive integer. We will generate a sequence of primes by performing the following steps. Begin by finding P which is any prime divisor of G, then compute P2 by finding...
-
Taylor owed Citizens National Bank over $ 40,000 and wrote three promissory notes payable to the bank at 15 percent interest ( on each note). Because the notes were past due, the bank increased the...
-
Describe why it is important to have guests assess the quality of their cruise experience. How would you respond to critics suggesting that guests do not always have the necessary expertise to...
-
\((86-61) \div 5\) Perform the indicated calculation.
-
You have recently accepted a position with Vitex, Inc., the manufacturer of a popular consumer product. During your first week on the job, the vice president has been favorably impressed with your...
-
Ariel, Beauty and Cindy decided to form Disprin Partnership with 2:2:1 profit sharing. Both Ariel and Beauty have existing business. The balance sheet of the two are shown below together with their...
-
The author purchased a slot machine (Bally Model 809) and tested it by playing it 1197 times. There are 10 different categories of outcomes, including no win, win jackpot, win with three bells, and...
-
1. The information given below has been taken from the costing records of an industry in respect of job No.606. Material: Tk 8020. Labour: Department A 120 hours @ Tk 6 per hour Department B 80 hours...
-
Beginning Inventory is 1/05 Sold 1/12 Inventory Purchased 1/19 Sold 1/22 Inventory Purchased 1/30 Sold 100 units with a cost of $4 45 Units at $6 50 units at $4.25 30 Units at $6 50 Units at $4.50 45...
-
There are nine complexity key concepts listed in Crowell & Boynton pp 20-23. Choose two of the key concepts and define the concepts. Apply these concepts to a leadership example from your own...
-
What are the sociocultural impacts of global sports events like the Olympics on host countries and the international community ? Explain
-
People get sick. People accidentally fall down, and then sue property owners; people fall down on purpose, and then sue property owners. People bring dogs to the properties, and then the dog bites...
-
Assume the $17,000 Treasury bill, 8% for 13 weeks. Calculate the effective rate of interest. Note: Use calendar year. Round your answer to the nearest hundredth percent. Effective rate of interest %
-
in java only. Assume that the following mutable class has been declared: public class Person { private String name; public Person(String n) { name = n; public Person(Person otherPerson) { name =...
-
What is an access control list?
-
Jon Payne, tennis coach, kept a record of the most serious type of errors made by each of his players during a 1-week training camp. The data are stored in the data file Tennis. a. Construct a Pareto...
-
Four types of checking accounts are offered by one bank. Suppose that recently a random sample of 300 bank customers was surveyed and asked several questions. It was found that 60% of the respondents...
-
A dependent variable is regressed on K independent variables, using n sets of sample observations. We denote SSE as the error sum of squares and R2 as the coefficient of determination for this...
-
Brown, Cosden & Co., a medium-sized public accounting firm, was engaged to audit Joslin Supply Inc. Several staff were involved in the audit, all of whom had attended the firm's in-house training...
-
Jan Sharpe recently joined the public accounting firm of Spark, Watts, and Wilcox. She quickly established a repu tation for thoroughness and a steadfast dedication to follow ing prescribed auditing...
-
In confirming accounts receivable on December 31, 2001, the auditor found 15 discrepancies between the cus tomer s records and the recorded amounts in the subsidiary ledger. A copy of all...
Study smarter with the SolutionInn App