Financial question compost of 3 parts: Matthews bought 100 Wells Fargo shares for $4/share and received $0.4/share
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Question:
Financial question compost of 3 parts:
- Matthews bought 100 Wells Fargo shares for $4/share and received $0.4/share during the time, what is his rate of return for his investment in wells Fargo shares if he sold his shares for $5/share?
- Matthews bought 100 capital one bank shares for $3/share and received $0.3/share during the time, what is his rate of return for his investment in capital one bank shares if he sold his shares for $3.6/share?
- Assuming that Matthews portfolio of investment is made up of 45% of wells Fargo shares and 55% of capital shares what is his expected return for the investment in questions 1 and 2 above?
Please, explain how you did the calculations. Thank you!
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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