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

Question

1 Approved Answer

A year ago, you purchased 300 shares of Simon A. Technologies, Inc. stock at a price of $9.03 per share. The stock pays an annual

A year ago, you purchased 300 shares of Simon A. Technologies, Inc. stock at a price of $9.03 per share. The stock pays an annual dividend of $.10 per share. Today, you sold all of your shares for $28.64 per share. What is your total dollar 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

Fundamentals Of Corporate Finance

Fundamentals Of Corporate Finance

Authors: Richard A. Brealey, Marcus, Alan J, Myers, Stewart C.

2nd Edition

0070074860, 9780070074866

More Books

Students also viewed these Finance questions

Question

★★★★★
What advantages and disadvantages would Carrefour likely have compared with domestic retailers where it operates?

Answered: 1 week ago

Question

★★★★★
In each of the following examples, identify whether the person or institution will be penalized by inflation and, if so, why. a. Mosie borrows $5,000 for her college expenses at an interest rate of 4...

Answered: 1 week ago

Question

★★★★★
Show how empiricism evolved from a method (epistemology) under Bacon to a position about existence (ontology) in the work of Berkeley and Hume.

Answered: 1 week ago

Question

★★★★★
Dalton Industries, Inc., has two major operating divisions, the Furniture Division and the Electronics Division. The company's main product is a deluxe entertainment center. The centers' components...

Answered: 1 week ago

Question

★★★★★
Bed & Bath, a retailing company, has two departments --Hardware and Linens. The company's most recent monthly contribution format income statement follows: Sales Variable expenses Contribution margin...

Answered: 1 week ago

Question

★★★★★
Design Companys shareholders equity includes $130,000 of $2 par common stock and $300,000 of 4% cumulative preferred stock as of January 2019. The companys board declared $42,000 in cash dividends in...

Answered: 1 week ago

Question

★★★★★
REMEMBER ME- LIVING LEGACIES Imagine you created business from a website that you can use as a memorial for your loved ones that passed away. Management and Operations Including yourself, how many...

Answered: 1 week ago

Question

★★★★★
If most new products are minor modifications of existing products, why do firms continue with high-risk, high-cost projects?

Answered: 1 week ago

Question

★★★★★
Examine the rules in /etc/snort/rules/ and find the duplicate rule. What is the sid: number for the duplicate rule? (Hint: answer is the higher of the two SID numbers.) what command would i use to...

Answered: 1 week ago

Question

★★★★★
In other words, according to your informed thinking on what you have observed, in what ways was the leader's behavior impactful or was not effective, and why do you say so?

Answered: 1 week ago

Question

★★★★★
Assume that the initial stock price is So = $ 1 0 0 . You would like to hedge a long position of 2 0 call contracts ( 1 0 0 shares per contract ) with 2 5 0 days to maturity anda strike price of $ 1...

Answered: 1 week ago

Question

★★★★★
Think about diversity and inclusion experience at the workplace in your cultural context. Based on your personal experience during the past two years, share one thing that you consider should have...

Answered: 1 week ago

Question

★★★★★
Understand how relocating headquarters functions from big cities to rural areas influences the work styles and employees work-life balance.

Answered: 1 week ago

Question

★★★★★
In your view, do you think leadership can influence HRM practices such as recruitment, selection, training, and career development in promoting gender diversity and inclusion in an organization?

Answered: 1 week ago

Previous Question Next Question