Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. On February 1, you bought 100 shares of stock in the Francesca Corporation for $33 a share and a year later you sold it

1. On February 1, you bought 100 shares of stock in the Francesca Corporation for $33 a share and a year later you sold it for $36 a share. During the year, you received a cash dividend of $1.30 a share. Compute your HPR and HPY on this Francesca stock investment. Round your answer for HPR to three decimal places. Round your answer for HPY to one decimal place. 2. n August 15, you purchased 120 shares of stock in the Cara Cotton Company at $43 a share and a year later you sold it for $40 a share. During the year, you received dividends of $3.40 a share. Compute your HPR and HPY on your investment in Cara Cotton. Use a minus sign to enter negative values, if any. Round your answer for HPR to three decimal places. Round your answer for HPY to one decimal place.

HPR:

HPY: %


3. At the beginning of last year, you invested $3,600 in 60 shares of the Chang Corporation. During the year, Chang paid dividends of $3 per share. At the end of the year, you sold the 60 shares for $65 a share. Compute your total HPY on these shares and indicate how much was due to the price change and how much was due to the dividend income. Do not round intermediate calculations. Round your answers to one decimal place.

HPY (Total): %

HPY (Price Increase Alone): %

HPY (Dividends): %


Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions