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

Question

1 Approved Answer

Some time ago, you purchased a share of Bon Stock for $84.33. You recently sold the stock for $8.08 more than you purchased it. Additionally,

image text in transcribed
Some time ago, you purchased a share of Bon Stock for $84.33. You recently sold the stock for $8.08 more than you purchased it. Additionally, you received dividends of $2.10. Assume you held the stock for 192 days. What was your annualized return? Assume a 365 day year. (Enter your response as a percentage to two decimal places. Ex: 12.45 instead of 1245 )

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: Laurence Ball

1st Edition

0716759349, 9780716759348

More Books

Students also viewed these Finance questions

Question

★★★★★
Why may the development of the European Monetary Union reduce the potential for diversification but increase the potential for economic growth?

Answered: 1 week ago

Question

★★★★★
On January 10, 2015, Perez Co. sold merchandise on account to Robertsen Co. for $15,600, n/30. On February 9, Robertsen Co. gave Perez Co. a 10% promissory note in settlement of this account. Prepare...

Answered: 1 week ago

Question

★★★★★
=+e) State the hypotheses (in words, not symbols).

Answered: 1 week ago

Question

★★★★★
(a) Determine the ending inventory under the conventional retail method for the ?furniture department of Mayron Department Stores from the following data (amounts ?in thousands). (b) If the results...

Answered: 1 week ago

Question

★★★★★
Financial statement that presents a summary of the revenues expenses of a business for a specific period of time such as a month or year is called a what

Answered: 1 week ago

Question

★★★★★
On December 31, 2016, Grumpy Corporation issued $950,000, 8%, 15-year bonds for $803,964 cash when the market rate of interest was 10%. The bonds pay interest semi-annually each June 30 and December...

Answered: 1 week ago

Question

★★★★★
Great Outdoors Airlines, Inc., operates leased amphibious aircraft and docking facilities, equipping the firm to transport campers and hunters from British Columbia, Canada, to outpost camps owned by...

Answered: 1 week ago

Question

★★★★★
Ashley Conners owns La Jolla Art Company, a firm providing designs for advertisers, market analysts, and others. On July 1, the business's general ledger showed the following normal account balances:...

Answered: 1 week ago

Question

★★★★★
University Sales had the following transactions for T-shirts for 2011, its first year of operations. During the year, University Sales sold 725 T-shirts for \(\$ 20\) each. Required a. Compute the...

Answered: 1 week ago

Question

★★★★★
The following information pertains to Ping Company for 2011. Ending inventory consisted of 30 units. Ping sold 210 units at \(\$ 50\) each. All purchases and sales were made with cash. Required a....

Answered: 1 week ago

Question

★★★★★
The following is partial information for Xavier Companys most recent year of operation. Xavier manufactures childrens shoes and categorizes its operations into two divisions, Girls and Boys....

Answered: 1 week ago

Question

★★★★★
Did you include a prominent, attention-grabbing headline?

Answered: 1 week ago

Question

★★★★★
Did you check all the correct names, telephone numbers, web addresses, and location for accuracy?

Answered: 1 week ago

Question

★★★★★
Did you follow BANGPP design checklist to review the layout?

Answered: 1 week ago

Previous Question Next Question