One year ago, you purchased a stock at a price of $32.16. The stock pays quarterly dividends

Question:

One year ago, you purchased a stock at a price of $32.16. The stock pays quarterly dividends of $0.20 per share. Today, the stock is selling for $28.20 per share. What is your capital gain on this investment?

A. -$4.16

B. -$3.96

C. -$3.76

D. -$3.16

E. -$2.96

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Contemporary Financial Management

ISBN: 9780324289114

10th Edition

Authors: James R Mcguigan, R Charles Moyer, William J Kretlow

See More Books

Question Posted: Jan 08, 2013 05:38 AM

See More Questions

One year ago, you purchased a stock at a price of $47.50 a share. Today you sold the stock and realized a total loss of 22.11 percent. Your capital gain was -12.70 a share. What was your dividend...
Last year, you purchased a stock at a price of $51.50 a share. Over the course of the year, you received $1.80 per share in dividends and the annual inflation rate averaged 2.6 percent. Today, you...
Last year, you purchased a stock at a price of $53 a share. Over the course of the year, you received $1.6 in dividends and inflation averaged 2.6 percent. Today, you sold your shares for $55.1 a...
Jacky Ma Ltd sells a single product called Alibaba. During 2020, 10,000 units were produced and 9,500 units were sold. There was no work-in-process inventory on 31 December 2020, that is the...
Give the missing row operation or matrix in the table. Description Matrix a. | The original system 4x-y 6 C. 10 38 d. 10 19 e. 10
FinancialForecasting(%ofSalesMethod).Forthisandthenext5questions.Attheendof 2013 ,totalassetsforNeringaTourswere$1,200,000,ofwhichcurrentassetswere$200,000.Thefirmsaccountspayablewere$375,000.Salesin...
Set out the major reasons for which an employer can and cannot lawfully dismiss employees
When you get a surprisingly low price on a product do you assume that you got a really good deal or that you bought a low-quality product? Research indicates that you are more likely to associate low...
Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent period as shown below: B D E $ 16.50 $ 6.259 $ 10,400 A 1 Chapter 9: Applying Excel 2 3 Data 4 Revenue 5...
Consider the spring-mass system shown below. A mass of m 5 kg has stretched a spring by So= 1.5 meters and is at rest. A damping system is connected that provides a damping force equal to 30 times...
Vance Company reported net incomes for a three-year period as follows: 2009 ................... $186,000 2010 ................. $189,000 2011 ................. $180,000 In reviewing the accounts in...
Kane Inc.'s bank statement from Western Bank at August 31, 2010, gives the following information. Balance, August 1 $16,400 Bank debit memorandum: A summary of the Cash account in the ledger for...
What is meant by generally accepted accounting principles, and how do these principles add to the integrity of financial accounting information?
Indicate whether each of the following types of transactions will either (a) increase stockholders' equity or (b) decrease stockholders' equity: 1. expenses 2. revenues 3. stockholders' investments...
The following selected transactions were completed by Lindbergh Delivery Service during October: 1. Received cash from issuing capital stock, $$75,000$. 2. Paid rent for October, $$4,200$. 3....
Murray Kiser operates his own catering service. Summary financial data for February are presented in equation form as follows. Each line designated by a number indicates the effect of a transaction...
A. Given that y = e 2x + 1 complete the table of values of y corresponding to x = 0.5, 1 and 1.5. B. Use the trapezium rule, with all the values of y in the completed table, to obtain an estimate for...
Draw a schematic using NFETs and PFETs for a restoring logic gate that implements the function = 0 if zero or two of inputs cba are true. Assume that all inputs and their complements are available.
The accountant in a small entity, Balloon Daredevils Ltd, was looking at a number of leases and attempting to decide whether each was definitely a finance lease. The lease conditions were as follows:...
White Bolder Investments (WBI) You are an intern working for WBI, a large investment advisory services in Sydney. Among other regular customers, WBI has been providing advisory services for Jumbo...
When you prepared a presentation about a new inventory management system at a retail store. Working in small groups, plan the first few minutes of the presentation. Then have one person deliver the...
Ken Jones, an architect, organized Jones Architects on April 1, 2014. During the month, Jones Architects completed the following transactions: a. Transferred cash from a personal bank account to an...
Ken Jones, an architect, organized Jones Architects on April 1, 2014. During the month, Jones Architects completed the following transactions: a. Transferred cash from a personal bank account to an...
Ken Jones, an architect, organized Jones Architects on April 1, 2014. During the month, Jones Architects completed the following transactions: a. Transferred cash from a personal bank account to an...
Q1) The equity of Washington Ltd at 1 July 2020 consisted of: Share capital 500 000 A ordinary shares fully paid $1 500 000 400 000 B ordinary shares issued for $2 and paid to $1.50 600 000 General...
out The following information relates to Questions 1 to 2. The management accountant of a furniture manufacturer is developing a standard for the labour cost of one massage chair. When operating at...
Exercise 10-8 Utilization of a constrained Resource [LO10-5, L010-6] Barlow Company manufactures three products: A, B, and C. The selling price, variable costs, and contribution margin for one unit...

One year ago, you purchased a stock at a price of $32.16. The stock pays quarterly dividends

Question:

Step by Step Answer:

tr msoheightsourceauto col msowidthsourceauto br msodataplacementsamecell style45 msonumberformat00220022 00000220022 00000220022 00220022 msostylenameCurrency msostyleid4 style0 msonumberformatGenera...View the full answer

Contemporary Financial Management

Students also viewed these Accounting questions