Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consider the following price and dividend data for Ford Motor Company: Date Price ($) Dividend ($) December 31, 2004 $14.87 January 26, 2005 $13.62 $0.14

Consider the following price and dividend data for Ford Motor Company:

Date

Price ($)

Dividend ($)

December 31, 2004

$14.87

January 26, 2005

$13.62

$0.14

April 28, 2005

$9.14

$0.14

July 29, 2005

$10.74

$0.14

October 28, 2005

$8.02

$0.14

December 30, 2005

$7.72

Assume that you purchased Ford Motor Company stock at the closing price on December 31, 2004 and sold it at the closing price on December 30, 2005. Your realized annual return is for the year 2005 is closest to:

A.

40.6%

B.

45.11%

C.

47.4%

D.

42.9%

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

Financial Management Theory And Practice

Authors: Prasanna Chandra

8th Edition

0071078401, 978-0071078405

More Books

Students also viewed these Finance questions

Question

What concepts should be included in a financial literacy scorecard?

Answered: 1 week ago