Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 06, 2024

I purchased 574 shares at $85.47 per share for a total of $49,059.78. By the end, the stock price was at $83.48 per share for

I purchased 574 shares at $85.47 per share for a total of $49,059.78. By the end, the stock price was at $83.48 per share for a total of $47,917.52. This means I lost $1,142,26 of my initial investment.

What is the total rate of 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

Financial Planning Demystified A Self Teaching Guide

Authors: Paul Lim

1st Edition

0071476717,0071709711

More Books

Students also viewed these Finance questions

Question

★★★★★

Develop the equations for the principal stresses in a thin-walled spherical pressure vessel of inside diameter di, thickness t, and with an internal pressure pi. You may wish to follow a process...

Answered: 1 week ago

Question

★★★★★

=+3, Suppose a monopolist mistakenly believes that its marginal revenue is always equal to the market price. Assuming constant marginal cost and no fixed cost, draw a diagram comparing the level of...

Answered: 1 week ago

Question

★★★★★

1. Define support vector machines and describe their characteristics.

Answered: 1 week ago

Question

★★★★★

Stephen King, D.D.S., opened a dental practice on January 1, 2012. During the first month of operations, the following transactions occurred. 1. Performed services for patients who had dental plan...

Answered: 1 week ago

Question

★★★★★

Question 15 (2 points) Zahra Company manufactures three sizes of kitchen appliances: small, medium, and large. Product information is provided below. The maximum machine-hours available are 3000 per...

Answered: 1 week ago

Question

★★★★★

The size of the coyote population at a national park increases at the rate of 4.7%. The size of the current population is 196. Find, per year, using the equation y = Yo * e^(0.047t), how many coyotes...

Answered: 1 week ago

Question

★★★★★

Five coulombs of charge are placed on a thin-walled conducting shell. Once the charge has come to rest, the electric potential inside the hollow conducting shell is found to be?

Answered: 1 week ago

Question

★★★★★

For an infinite sheet of positive charge, the electric field lines are?

Answered: 1 week ago

Question

★★★★★

What was the name of the landmark Supreme Court case that ruled the racial segregation of schools unconstitutional?

Answered: 1 week ago

Question

★★★★★

1.what is rule of law? 2.The administrative body of government?

Answered: 1 week ago

Previous Question Next Question