Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Sarah and James Hernandez purchased 320 shares of Macy's stock at $15 a share. One year later, they sold the stock for $35.00 a share.
Sarah and James Hernandez purchased 320 shares of Macy's stock at $15 a share. One year later, they sold the stock for $35.00 a share. They paid a broker a commision of $7 when they purchased the stock and a commision of $11 when they sold the stock. During the 12-month period the couple owned the stock, Macy's paid dividends that totaled $2.05 a share. Calculate the Hernandez total return for this investment. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Total return Wanda Sotheby purchased 175 shares of Home Depot stock at $52 a share. One year later, she sold the stock for $61 a share. She paid her broker a commision of $45 when she purchased the stock and a commision of $52 when she sold it. During the 12 months she owned the stock, she received $140 in dividends. Calculate Wanda's total return on this investment. (A loss should be indicated by a minus sign.) Answer is complete but not entirely correct. Total return $ 786 X Michelle Townsend owns stock in National Computers. Based on information in its annual report, National Computers reported after- tax earnings of $9,766,000 and has issued 5,140,000 shares of common stock. The stock is currently selling for $34 a share. a. Calculate the earnings per share for National Computers. (Round your answer to 2 decimal places.) Answer is complete and correct. Earnings per share $ 1.90 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.) Answer is complete but not entirely correct. Price-earnings ratio 17.00 X
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started