Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can someone show your work and show me how to do these so I can understand better, please? Lowes stock was priced at $22.80, $24.15,

Can someone show your work and show me how to do these so I can understand better, please?

Lowes stock was priced at $22.80, $24.15, $23.99, and $24.26 at end of Years 1 to 4, respectively. The annual dividend is constant at $.20 a share. What is the geometric average return on this stock?

2.94 percent

3.02 percent

1.30 percent

2.97 percent

2.52 percent

Lowes stock had returns of 14 percent, 6 percent, 13 percent, 11 percent, and 2 percent over the past five years. What is the geometric average return for this time period?

4.00 percent

3.56 percent

3.82 percent

7.52 percent

3.19 percent

Lowes purchased 100 shares of stock in XYZ Co. at a price of $44.05 a share six months ago. XYZ stock pays a quarterly dividend of $.10 a share. Today, you sold all your shares for $45.13 per share. What is the total amount of your capital gains on this investment?

$1.48

$1.08

$124.00

$108.00

$128.00

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

Portfolio Performance Measurement And Benchmarking

Authors: Jon Christopherson, David Carino, Wayne Ferson

1st Edition

0071496653, 978-0071496650

More Books

Students also viewed these Finance questions