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

Question

1 Approved Answer

4.1. Use the information provided below to answer the following questions: INFORMATION A retail investor bought 500 shares of XXX limited, a JSE-listed company, for

4.1. Use the information provided below to answer the following questions: INFORMATION

A retail investor bought 500 shares of XXX limited, a JSE-listed company, for R50 each on 1 January 2019. On 31 December 2022, the investor sold all the shares for R82 each. If the investors return on investment for the period is 96%, determine the annual dividend per share. Assume that XXX limited follows a fixed dividend policy. (5 marks)

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

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

Recommended Textbook for

Business And The Euro Business Groups And The Politics Of EMU In Britain And Germany And The United Kingdom

Business And The Euro Business Groups And The Politics Of EMU In Britain And Germany And The United Kingdom

Authors: Mark K. Duckenfield

1st Edition

1403998639,0230627242

More Books

Students also viewed these Finance questions

Question

★★★★★
Carbon monoxide gas (CO) contained within a piston cylinder assembly undergoes three processes in series. Process 1-2: Expansion from P1= 5 bar, V1=0.2m3, to V2=1 m3, during which the pressure volume...

Answered: 1 week ago

Question

★★★★★
2. What criteria should be used in selecting a valuation model for new businesses?

Answered: 1 week ago

Question

★★★★★
Robertos Steakhouse tracks customer complaints every day and then follows up with their customers to resolve problems. For the past 30 days, they received a total of 22 complaints from unhappy...

Answered: 1 week ago

Question

★★★★★
This is a subjective question, hence you have to write your answer in the Text-Field given below. 76355 a. What is InsurTech? the major four technology enablers of InsurTech with their applications....

Answered: 1 week ago

Question

★★★★★
As the first gift from their estate, Lily and Tom Phillips plan to give $21,810 to their son, Raoul, for a down payment on a house. a. How much gift tax will be owed by Lily and Tom? b. How much...

Answered: 1 week ago

Question

★★★★★
A multiple series dilution was performed. The sample was diluted 1/5, ,, . 25. Draw the dilution using tubes as explained in the learning module. 26. Given the diagram in the above question, what is...

Answered: 1 week ago

Question

★★★★★
Given the following AVL Tree: Draw the resulting BST after 5 is removed, but before any rebalancing takes place. To replace Node 5, you can use any node from the left subtree, and if the newly chosen...

Answered: 1 week ago

Question

★★★★★
A jogger travels a route that has two parts. The first is a displacement A of 1.95 km due south, and the second involves a displacement >> B that points due east. The resultant displacement A + B has...

Answered: 1 week ago

Question

★★★★★
Mekgoe Florist is situated in the Western Cape. The business is a registered VAT vendor and makes use of the periodic inventory system. During the month of March, Mekgoe Florist maintained a...

Answered: 1 week ago

Question

★★★★★
You have received settlement confirmation from both your buyer and vendor's solicitors on Thursday 2nd January 2025. Sandra and John have paid a $71,000.00 deposit. As part of the settlement day...

Answered: 1 week ago

Previous Question Next Question