Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 20, 2024

Four months ago, you purchased 1,200 shares of LBM stock for $9.30 a share. Last month you received a dividend payment of $.065 a share.

Four months ago, you purchased 1,200 shares of LBM stock for $9.30 a share. Last month you received a dividend payment of $.065 a share. Today, you sold the shares for $8.62 a share. What is your total dollar return on this investment?

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

Recommended Textbook for

The Company Valuation Playbook Invest With Confidence

Authors: Charles Sunnucks

1st Edition

1838470816, 978-1838470814

Students also viewed these Finance questions

Question

A curved airfoil, If this airfoil is placed on an elliptical wing with = 5 and no twist, try to find the aooo -4,C 2/rad.

Answered: 1 week ago

Question

★★★★★

Janet Lopez is establishing an investment portfolio that will include stock and bond funds. She has $720,000 to invest, and she does not want the portfolio to include more than 65% stocks. The...

Answered: 1 week ago

Question

★★★★★

Four months ago, you purchased 1,200 shares of LBM stock for $9.30 a share. Last month you received a dividend payment of $.065 a share. Today, you sold the shares for $8.62 a share. What is your...

Answered: 1 week ago

Question

★★★★★

Vintage, Inc. has a total asset turnover of 1.15 and a net profit margin of 5.14 percent. The total assets to equity ratio for the firm is 3.2. Calculate Vintages return on equity. Round the answers...

Answered: 1 week ago

Question

★★★★★

1) If you were worth $1 Million at the end of World War II, calculate how much you would need today to maintain the same purchasing power as in 1945? 2) How much would Rockefellar's fortune be worth...

Answered: 1 week ago

Question

★★★★★

The client reaches out to the project team leader and asked about the timing and frequency of progress reports. When determining project progress and results using Agile methods, how is performance...

Answered: 1 week ago

Question

★★★★★

Option 2 PLEASE LABEL AND DRAW THE GRAPH ON PAPER, Remember: "Graph" or "illustrate" requires that you label all axes, curves, and points as indicated. If there is some type of shift, use an arrow to...

Answered: 1 week ago

Question

★★★★★

Freehand sketch an isometric, a 45-degree oblique, and an "informal" two-point perspective representation of the part ("informal" means, instead of following the canonical process to establish...

Answered: 1 week ago

Question

★★★★★

Joe's Book Store stocks the text "Introduction to Materials Management" by Tony Arnold. The demand for this book is very sporadic depending on when APICS courses are offered and when people start to...

Answered: 1 week ago

Previous Question Next Question