Question
Spencer paid $55 to purchase XYZ on 7/2015. XYZ pays $0.69 dividend in March, June, September and December. On 11/2016, he decides to sell XYZ,
Spencer paid $55 to purchase XYZ on 7/2015. XYZ pays $0.69 dividend in March, June, September and December. On 11/2016, he decides to sell XYZ, when the price dropped by 5%. Calculate the profit/loss he made from XYZ investment. If loss, enter a negative number.
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Multinational financial management
Authors: Alan c. Shapiro
10th edition
9781118801161, 1118572386, 1118801164, 978-1118572382
