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

Question

1 Approved Answer

One year ago, Jinny purchased 400 shares of ABC Company stock for $21,000. Today, he sold those shares for $56.00 per share. What is the

image text in transcribed

One year ago, Jinny purchased 400 shares of ABC Company stock for $21,000. Today, he sold those shares for $56.00 per share. What is the total return on this investment if the dividend yield is 2.3 percent? 9.11 percent 8.97 percent 6.76 percent 5.51 percent 7.91 percent

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

Wealth And Homeownership Women Men And Families

Wealth And Homeownership Women Men And Families

Authors: Mariacristina Rossi , Eva M. Sierminska

1st Edition

3319925571,331992558X

More Books

Students also viewed these Finance questions

Question

4. Suppose that a hypothetical economy has the following relationship between its real output and the input quantities necessary for producing that output:

Answered: 1 week ago

Question

★★★★★
Padre holds 100 percent of the outstanding shares of Sonora. On January 1, 2009, Padre transferred equipment to Sonora for $95,000. The equipment had cost $130,000 originally but had a $50,000 book...

Answered: 1 week ago

Question

★★★★★
Post - modernism emerged as a reaction to what mid 2 0 th century style

Answered: 1 week ago

Question

★★★★★
Whirly Corporation's contribution format income statement for the most recent month is shown below: Sales (8,400 units) Variable expenses Contribution margin Fixed expenses Net operating income Total...

Answered: 1 week ago

Question

★★★★★
1. A man on a motorcycle is initially at point A At time t = 0, the man travels along the + path shown to point B. The amount of time required to complete each segment of the 2 set path is also...

Answered: 1 week ago

Question

★★★★★
A 6 m high pier rests on a 2 m x 2 m square footing at 1-5 m depth from the surface at a site having uniform clayey soils. The unconfined compressive strength of the clay is 100 kPa and its bulk unit...

Answered: 1 week ago

Question

★★★★★
As an analyst for FinCorp Inc., you are responsible for many firms, including ADFC. Currently you have a "hold" recommendation on ADFC.20 The current price of ADFC is $140. You have conducted an...

Answered: 1 week ago

Question

★★★★★
Troy Engines, Ltd., manufactures a variety of engines for use in heavy equipment. The company has always produced all of the necessary parts for its engines, including all of the carburetors. An...

Answered: 1 week ago

Question

★★★★★
Vignette AssumptionStory:Tatiana Tatiana is five years old and was adopted at age three. Tatiana's adoptive parents have three biological sons, aged eight, ten, and seventeen, who the parents say...

Answered: 1 week ago

Question

★★★★★
Discuss why communication effects are the source of communication objectives.

Answered: 1 week ago

Question

★★★★★
Why does message development not begin with a creative idea?

Answered: 1 week ago

Question

★★★★★
What are the most important points to make in a creative brief?

Answered: 1 week ago

Previous Question Next Question