You invest ($1,000) in Xenon Corporation stock (10 shares at ($100) per share) and ($1,000) in Xenon
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You invest \($1,000\) in Xenon Corporation stock (10 shares at \($100\) per share) and \($1,000\) in Xenon Corporation bonds (1 bond at $1,000), which pay 8 percent interest. That’s right. Xenon has a phenomenal year and distributes \($5\) per share to its shareholders. The stock value also increases to \($115\) per share. The bond value stays at \($1,000\). What is your return on investment for each of these investments in that year?
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Related Book For
Wiley Pathways Personal Finance Managing Your Money And Building Wealth
ISBN: 978-0470111239
1st Edition
Authors: Vickie L. Bajtelsmit, Linda Rastelli
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