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

Question

1 Approved Answer

On January 1, a shareholder purchased 20 shares of stock in ABC company for $14 per share. On June 30, the company paid a $1.50

On January 1, a shareholder purchased 20 shares of stock in ABC company for $14 per share. On June 30, the company paid a $1.50 dividend per share. On December 31, the shareholder sold all the shares for $16 per share. What is the overall Economic Rate of Return for this investment?

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

Step: 3

blur-text-image

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

Cost Management

Cost Management

Authors: Don R Hansen, Maryanne M Mowen, Dan L Heitger

5th Edition

357141091, 978-0357141090

More Books

Students also viewed these Accounting questions

Question

★★★★★
Explain how the goal post view of conforming to specifications differs from Taguchis loss function. Would you rather buy an automobile where suppliers used the goal post or Taguchi models? Why?

Answered: 1 week ago

Question

★★★★★
Why is a transparent interface desirable?

Answered: 1 week ago

Question

★★★★★
Name three cognitive or cognitive-behavioral therapists. How are their views similar? How are their perspectives different?

Answered: 1 week ago

Question

★★★★★
An examination of the cash activities during the year shows the following. GREAT ADVENTURES Cash Account Records July 1, 2015, to December 31, 2015 Suzie has not reconciled the companys cash balance...

Answered: 1 week ago

Question

★★★★★
Two firms, X and Y, both produce widgets. The price of widgets is $1 each. Firm X has total fixed costs of $500,000 and variable costs of $0.5 per widget. Firm Y has total fixed costs of $240,000 and...

Answered: 1 week ago

Question

★★★★★
Read the Scenario Congratulations, you are now the Police Chief in Anytown, USA. A city with 30,000 residents and you are responsible to provide 24 hour a day police coverage. You have a total of 45...

Answered: 1 week ago

Question

★★★★★
A strain of common bacteria, E.ooli can be lethal when consumed orally. Suppose you found this bacteria that divides in emery:r 35 minutes. Current understanding of this bacteria is that it can be...

Answered: 1 week ago

Question

★★★★★
What do we call the ratio of a number of fission produced by a given generation of neutrons to the number of fission of the preceding generation? [A] Critical factor [B] Energy factor [C]...

Answered: 1 week ago

Question

★★★★★
Glycol is added to aviation gasoline because it: [A] reduces evaporation of petrol [B] increases efficiency of petrol [C] prevents freezing of petrol [D] reduces consumption of petrol

Answered: 1 week ago

Question

★★★★★
When ice cubes are made, the entropy of water: [A] does not change [B] decreases [C] increases [D] may either increase or decrease depending on the process used

Answered: 1 week ago

Question

★★★★★
In 1817, who attempted to sort elements with similar properties in a logical order into groups? [A] Emmy Noether [B] Henry Moseley [C] Dobereiner [D] Mendeleev

Answered: 1 week ago

Question

★★★★★
Sodium bicarbonate decomposes above 70 C, making it usable in bakery products. What end product of this thermal decomposition process contributes to its use in baking? [A] Hydrogen [B] Carbon Dioxide...

Answered: 1 week ago

Question

★★★★★
1. What does this mean for me?

Answered: 1 week ago

Question

★★★★★
2. Think of a person you really appreciate and who is a role model for you, such as something you admire for what the person does or has done (historical people, friends, family, from fairy tales,...

Answered: 1 week ago

Question

★★★★★
5. List at least three personal roles that you want to perform better. What can you imagine doing to perform better in these three personal roles. Use tomorrow to improve what you think can be...

Answered: 1 week ago

Previous Question Next Question