Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1.You purchased a share of common stock at $59.00. One year later, after having received a dividend of $2.00, you noted the stock price was
1.You purchased a share of common stock at $59.00. One year later, after having received a dividend of $2.00, you noted the stock price was $66.00. What is your approximate return on this stock for the year?
a. | 2.0%
| |
b. | 3.4%
| |
c. | 8.6%
| |
d. | 15.3%
| |
e. | 18.6% |
2.The stock of Keif Corp has an expected return of 13% and Fireball Corp has an expected return of 20%. If you put 40% of your money in Keif and 60% in Fireball, what is your expected return for your portfolio?
a. | 15.9%
| |
b. | 17.2%
| |
c. | 18.0%
| |
d. | 19.1%
| |
e. | 52.6% |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started