Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 08, 2024

John Smith purchased 3,000 shares at $45 each After one year the share price increased to $57 per share. Also, during the year he earned

John Smith purchased 3,000 shares at $45 each After one year the share price increased to $57 per share. Also, during the year he earned a dividend of $1 50 per share. He decided to sell the shares after one year. What is his % rate of return?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions

Question

=+13.1. Functions are often defined in pieces (for example, let f(x) be x' or x ' as x 2 0 or x Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

A brilliant young scientist is killed in a plane crash. It is anticipated that he could have earned $240,000 a year for the next 50 years. The attorney for the plaintiffs estate argues that the lost...

Answered: 1 week ago

Question

★★★★★

Using Excel to Determine the Net Present Value PROBLEM Thunder Corporation, an amusement park, is considering a capital investment in a new exhibit. Amusement parks need to rotate exhibis to keep...

Answered: 1 week ago

Question

★★★★★

Which of the following is not a measure of central tendency? The standard deviation The 2nd quartile The mode The median The midrange

Answered: 1 week ago

Question

★★★★★

Which country has the absolute advantage in computer production? Use the following table: Amount of Beef or Computers Produced by One Worker in a Day Canada Beef Computers Japan 8 5 3 4

Answered: 1 week ago

Question

★★★★★

Which country has the comparative advantage in computer production? Use the following table: Amount of Beef or Computers Produced by One Worker in a Day Canada Beef Computers Japan 8 5 3 4

Answered: 1 week ago

Question

★★★★★

A metal sphere is grounded and an electrically charged rod is held close to it. The sphere acquires a charge $q$. The grounding wire is removed, and the sphere is brought in contact with another...

Answered: 1 week ago

Question

★★★★★

Consider the nonlinear regression model $y=\exp \left(\mathbf{x}^{\prime} \boldsymbol{\beta} ight) /\left[1+\exp \left(\mathbf{x}^{\prime} \boldsymbol{\beta} ight) ight]+u$, where the error term is...

Answered: 1 week ago

Question

★★★★★

The term blue chip applies to stocks issued by a company in excellent financial standing with a record of producing earnings and paying dividends. Stocks in companies such as GE and Chrysler were...

Answered: 1 week ago

Previous Question Next Question