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

Question

1 Approved Answer

One year ago, you bought a share for $9.90. Unfortunately, the share did not pay you any dividends during that year. The share price is

One year ago, you bought a share for $9.90. Unfortunately, the share did not pay you any dividends during that year. The share price is now $9.09. What is the return you received on this share? (as a percentage to the nearest two decimal points. dont use % sign. eg 2.881% is 2.88)

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_2

Step: 3

blur-text-image_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

Money Banking And Financial Markets

Money Banking And Financial Markets

Authors: Stephen Cecchetti, Kermit Schoenholtz

3rd Edition

007337590X, 9780073375908

More Books

Students also viewed these Finance questions

Question

★★★★★
1. A new car loses about ________ percent of its value in the first week because recent buyers are more likely to want to sell a ________ (lemon/plum). 2. Arrows up or down: Government regulations...

Answered: 1 week ago

Question

★★★★★
Two plane coaxial disks are separated by a distance L = 0.20 m. The lower disk (A 1 ) is solid with a diameter D o = 0.80 m and a temperature T 1 = 300 K. The upper disk (A 2 ), at temperature Tz =...

Answered: 1 week ago

Question

★★★★★
6.60 Let X be a binomial random variable with n = 36 and p=0.54. Use the normal approximation to find: a. P(X 25) b. P(15 X 20) c. P(X>30)

Answered: 1 week ago

Question

★★★★★
The manager of a commuter rail transportation system was recently asked by her governing board to determine which factors have a significant impact on the demand for rides in the large city served by...

Answered: 1 week ago

Question

★★★★★
show work please fast On September 1,2023 , the ABC Corporation purchased machinery for $130,000. The estimated service life of the machinery is 10 years and the estimated residual value is $4,000....

Answered: 1 week ago

Question

★★★★★
CL 2-8 LP 2-8B / Analisis horizontal Dua laporan laba rugi dari CV Global Utama ditampilkan sebagai berikut. TN. CV Global Utama Laporan Laba Rugi Untuk Tahun yang Berakhir 31 Desember 2016 2015...

Answered: 1 week ago

Question

★★★★★
QUESTION 1 The valuation model that computes the current value of a stock by dividing next year's dividend by the net of the discount rate minus the dividend's growth rate is called the...

Answered: 1 week ago

Question

★★★★★
Should the packaging be postponed to DC? Penang Electronics (PE) is a contract manufacturer that produces and packages private label products for several retail chains including Target, Best Buy,...

Answered: 1 week ago

Question

★★★★★
Exercise 2-26A Relationship of accounts to financial statements LO 2-8 Required Identify whether each of the following items would appear on the income statement (IS), statement of changes in...

Answered: 1 week ago

Question

★★★★★
Thornton Computer Services, Inc. has been in business for six months. The following are basic operating data for that period: Month Service hours Revenue Operating costs July Aug. 120 136 $6,000...

Answered: 1 week ago

Question

★★★★★
3. A new machine has an initial cost of $300,000, an estimated useful life of 2000 hours of use over a 3- year period, and an estimated residual value of S70000. Usage rates are estimated as 500...

Answered: 1 week ago

Question

★★★★★
DO CONTRACT WORKERSGETTHE SAME ENTITLEMENTS AS EMPLOYEES?

Answered: 1 week ago

Question

★★★★★
2.6 Explain the role of minimums established in employment standards legislation and the enforcement process.

Answered: 1 week ago

Question

★★★★★
2.5 Describe the purpose of employment equity programs.

Answered: 1 week ago

Previous Question Next Question