FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3. An investor bought 450 shares for $8.500 one year ago. The stock does not pay regular dividends but it paid a special dividend of

image text in transcribed
3. An investor bought 450 shares for $8.500 one year ago. The stock does not pay regular dividends but it paid a special dividend of S.55 a share last week. Today th Investor sold the shares for $19.50 a share. What was the total percentage return on this investment? +

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Foundations Of Financial Markets And Institutions

Foundations Of Financial Markets And Institutions

Authors: Frank J. Fabozzi, Franco Modigliani, Michael G. Ferri

2nd Edition

0136860567, 9780136860563

More Books

Students also viewed these Finance questions

Question

★★★★★
Find the mean, median, and mode for the sample whose observations, 15, 7, 8, 95, 19, 12, 8, 22, and 14, represent the number of sick days claimed on 9 federal income tax returns. Which value appears...

Answered: 1 week ago

Question

★★★★★
Justify your recommendation and why you think it will work.

Answered: 1 week ago

Question

★★★★★
Describe the elements of true community.

Answered: 1 week ago

Question

★★★★★
Following is partial information for the income statement of Audio Solutions Company under three different inventory costing methods, assuming the use of a periodic inventory system: Required: 1....

Answered: 1 week ago

Question

★★★★★
3. An investor bought 450 shares for $8.500 one year ago. The stock does not pay regular dividends but it paid a special dividend of S.55 a share last week. Today th Investor sold the shares for...

Answered: 1 week ago

Question

★★★★★
Explain the importance of intellectual property within the United States alongside an example. Additionally, explain the ACM / IEEE Code of Ethics, and how can it be applied?

Answered: 1 week ago

Question

★★★★★
5. Suppose you want to sell a dozen purple roses for $15. a. How many dozen purple roses should you expect to sell each month? The expected amount to be sold in a month is 520. b. Is this better or...

Answered: 1 week ago

Question

★★★★★
Question 4 (1 point) Dixie Co. Budgeting Income Statement Sales $ 600,000 Cost of Goods Sold $ 360,000 Gross Profit $ 240,000 $ 200,000 Selling & Admin Operating Income $ 40,000 Dixie Co. is...

Answered: 1 week ago

Question

★★★★★
Problem 3 (4 points) Consider a tariff-setting game between three countries, A, B, and C. These countries are different sizes, and tariffs may have terms-of-trade effects (and deadweight losses). The...

Answered: 1 week ago

Question

★★★★★
Question 5 [9 marks] Bronson, a successful fund manager at a well-known trust fund firm, has more than 15 years of experience under his belt. He has managed as significant as $500 million worth of...

Answered: 1 week ago

Question

★★★★★
Number of dogs encounters per day, the number of customers entering a store per hour, the number of bacteria per liter of water, etc. are classically modelled using the Poisson distribution. With an...

Answered: 1 week ago

Previous Question Next Question