FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Four months ago, you purchased 900 shares of LBM stock for $7.68 a share. Last month, you received a dividend payment of $. 12 a

image text in transcribed

Four months ago, you purchased 900 shares of LBM stock for $7.68 a share. Last month, you received a dividend payment of $. 12 a share. Today, you sold the shares for $9.19 a share. What is your total dollar return on this investment? a.$1,305 b.$1,413 c. $1,512 d.$1,467 e. $1,080

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_2

Step: 3

blur-text-image_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

Introduction to Finance Markets Investments and Financial Management

Introduction to Finance Markets Investments and Financial Management

Authors: Melicher Ronald, Norton Edgar

15th edition

9781118800720, 1118492676, 1118800729, 978-1118492673

More Books

Students also viewed these Finance questions

Question

★★★★★
Suppose that a bag contains 43 red balls, 54 blue balls, and 72 green balls, and that 2 balls are chosen at random without replacement. Construct a probability tree for this problem. What is the...

Answered: 1 week ago

Question

★★★★★
A-c plzzzz Quiz: Chapter 6 Quiz Question 10 This Quiz: 10 pts possible Submit Quiz An army monitored 10 cavalry corps for 20 years and recorded the number X of annual fatalities due to horse kicks...

Answered: 1 week ago

Question

★★★★★
Identify the primary reasons for leadership derailment and the new paradigm skills that can help you avoid it.

Answered: 1 week ago

Question

★★★★★
On January 1, 2006, when its $30 par value common stock was selling for $80 per share, a corporation issued $10 million of 10% convertible debentures due in 10 years. The conversion option allowed...

Answered: 1 week ago

Question

★★★★★
Four months ago, you purchased 900 shares of LBM stock for $7.68 a share. Last month, you received a dividend payment of $. 12 a share. Today, you sold the shares for $9.19 a share. What is your...

Answered: 1 week ago

Question

★★★★★
David Sam and Igor formed the CLR Partnership many years ago and have decided to liquidate the partnership effective October 1, 2019. Although it was agreed that Connor was the more talented...

Answered: 1 week ago

Question

★★★★★
Question 1 Based on the video what are the best predictor of students earning top grades? Several answers are correct IQ just hard work self-discipline practice exams 2 pts

Answered: 1 week ago

Question

★★★★★
Question 2: Alabama Airlines provides commuter service. As a product of airline deregulation, Alabama Air joined the growing number of short-haul, point-to-point airlines, including Lone Star,...

Answered: 1 week ago

Question

★★★★★
Name 2 Prime Ministers of Canada who had the longest service? Why were they successful? (Write an essay of 250 words)

Answered: 1 week ago

Question

★★★★★
5.6.3. A missile, starting from rest on the ground, is propelled by its jets with a 50,000 N force upward. Consider that the average mass of the missile is 4,000 kg. A. Setup with a labeled diagram....

Answered: 1 week ago

Question

★★★★★
Zoey is selling chocolate bars as a fund-raiser. She has 9 chocolate bars left to sell, of which 3 have almonds in them and the rest have caramel in them. If 2 of Zoeys candy bars are randomly...

Answered: 1 week ago

Previous Question Next Question