Answered step by step
Verified Expert Solution
Question
1 Approved Answer
FIN 3400 Stock Project (due Dec. 6) Answer the following questions for a stock of your choosing: 1) What is the name of your company?
FIN 3400 Stock Project (due Dec. 6) Answer the following questions for a stock of your choosing: 1) What is the name of your company? Give a one paragraph summary of its business. 2) Who are the company's main competitors? What industry is the company in? 3) What is the company's market capitalization? How many shares of stock are outstanding? 4) Calculate the beta for this stock using Excel. Base your calculation on actual daily returns for the period June 1, 2021 through August 27, 2021. Use the Standard and Poor's 500 to represent the market. 5) If you purchased this stock on August 30, 2021 and sold the stock on December 3, 2021, what would be your rate of return on the investment? What is the rate of return on the S&P 500 over this time period? Does the relationship between the rate of return on your stock and the S&P 500 make sense, given the beta for your stock? FIN 3400 Stock Project (due Dec. 6) Answer the following questions for a stock of your choosing: 1) What is the name of your company? Give a one paragraph summary of its business. 2) Who are the company's main competitors? What industry is the company in? 3) What is the company's market capitalization? How many shares of stock are outstanding? 4) Calculate the beta for this stock using Excel. Base your calculation on actual daily returns for the period June 1, 2021 through August 27, 2021. Use the Standard and Poor's 500 to represent the market. 5) If you purchased this stock on August 30, 2021 and sold the stock on December 3, 2021, what would be your rate of return on the investment? What is the rate of return on the S&P 500 over this time period? Does the relationship between the rate of return on your stock and the S&P 500 make sense, given the beta for your stock
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started