Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sarah and James Hernandez purchased 240 shares of Macy's stock at $41 a share. One year later, they sold the stock for $85.00 a share.

image text in transcribed
image text in transcribed
Sarah and James Hernandez purchased 240 shares of Macy's stock at $41 a share. One year later, they sold the stock for $85.00 a share. They paid a broker a commission of $7 when they purchased the stock and a commission of $11 when they sold the stock. During the 12-month period the couple owned the stock, Macy's paid dividends that totaled $1.81 a share. Calculate the Hernandezes total return for this investment. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Total return Michelle Townsend owns stock in National Computers. Based on information in its annual report, National Computers reported after- tax earnings of $6,526,000 and has issued 5,020,000 shares of common stock. The stock is currently selling for $25 a share. a. Calculate the earnings per share for National Computers. (Round your answer to 2 decimal places.) Earnings per share b. Calculate the price-earnings (PE) ratio for National Computers. (Use the rounded earnings per share from part a. Round your answer to 2 decimal places.) Price-earnings ratio

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

Investing In Bitcoin How To Buy Bitcoins And How To Sell Bitcoins

Authors: Arlena Rusert

1st Edition

979-8353902379

More Books

Students also viewed these Finance questions