Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 11 1 pts Last year, Derrick purchased 150 shares on WXYZ Corp. for $43.50. One year later, the stock prices increased to $45.80 and

image text in transcribed

Question 11 1 pts Last year, Derrick purchased 150 shares on WXYZ Corp. for $43.50. One year later, the stock prices increased to $45.80 and each share paid $1.60 in dividend. What is Derrick's total dollar return? $230 $340 o $585 $240 D Question 12 1 pts Let's say Tim invested 40% of his money to buy ABC Corp.'s shares and 60% of his money to buy DEF Corp's shares in 2013. From 2014 to 2017, ABC Corp. generated the total return percentage of 11%, 13%, 8%, 12%. DEF Corp. generated the total return percentage of -2%, 12%, -3%, and 19% during the same time period. What was the average rate of return for the portfolio (plain English: Tim's investment as a whole) from 2014 to 2017? O 8.30% 11.00% O 8.75% O 6.50%

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

Securitisation Derivatives A Practioner's Handbook

Authors: Mark Aarons, Vlad Ender, Andrew Wilkinson

1st Edition

1119532272, 978-1119532279

More Books

Students also viewed these Finance questions

Question

11. Are your speaking notes helpful and effective?

Answered: 1 week ago

Question

The Goals of Informative Speaking Topics for Informative

Answered: 1 week ago