Question
I need some help with my homework please. I need theses worked out. Kahlil bought 100 shares of Cisco for $24.00 per share on January
I need some help with my homework please. I need theses worked out.
Kahlil bought 100 shares of Cisco for $24.00 per share on January 1st, 2008. He received a dividend of $5.00 per share at the end of 2008 and sold his stock for $18.00 per share. What was Kahlil's realized return?
Assume that Ken has a choice between two deposit accounts. Account 1 has an annual percentage rate of 7.55 percent, but with interest compounded monthly. Account 2 has an annual percentage rate of 7.45 percent with interest compounded daily. Which account provides the highest effective annual return?
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