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

Question

1 Approved Answer

will the answer will be 31.2% Jos has invested in AB Company's stock. The cost of this stock was $60 and be held the stock

image text in transcribed

will the answer will be 31.2%

Jos has invested in AB Company's stock. The cost of this stock was $60 and be held the stock for 3 months received a cash dividend of 0.70 and then sold the stock for $4 What is the anal percentago rato (APR) of this investment APR 1565 AM 5811 ENG A/12/2020

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

Gapenskis Understanding Healthcare Financial Management

Gapenskis Understanding Healthcare Financial Management

Authors: George H. Pink, Paula H. Song

8th Edition

1640551093, 978-1640551091

More Books

Students also viewed these Finance questions

Question

★★★★★
Should a company with multiple divisions establish separate required rates of return, or costs of capital, for each division as opposed to using the company's overall cost of capital? Explain.

Answered: 1 week ago

Question

★★★★★
Magdalen, Miriam, and Mary June were asked to consider two different cash flows: $500 that they could receive today and $1000 that would be received 3 years from today. Magdalen wanted the $500...

Answered: 1 week ago

Question

★★★★★
3 Take on board the best practices from both (all) businesses to increase the prospects for synergy. It is highly unlikely that one partner will have a monopoly on good ideas.

Answered: 1 week ago

Question

★★★★★
A bank branch located in a commercial district of a city has the business objective of developing an improved process for serving customers during the noon- to- 1: 00 p. m. lunch period. The waiting...

Answered: 1 week ago

Question

★★★★★
will the answer will be 31.2% Jos has invested in AB Company's stock. The cost of this stock was $60 and be held the stock for 3 months received a cash dividend of 0.70 and then sold the stock for $4...

Answered: 1 week ago

Question

★★★★★
Help please! Exercise 1. Assume the joint probability mass func- tion for two variables X and Y is given below: XY 2 5 7 0.08 0.1 0.1 0.12 3 0.12 0.15 0.15 0.18 (A) Find the pmf for X. (B) Find the...

Answered: 1 week ago

Question

★★★★★
Renaldo's Bakery makes bread for the local restaurants. Gennaro's job is to inspect the bread for defects, including size, holes, slice width, hardness, and softness. Each loaf of bread could have as...

Answered: 1 week ago

Question

★★★★★
An archer wants to test the speed of his shot (arrow) using limited sources. During the experiment, he hits a solid ball made up of clay soil having mass 0.4 kg kept at a height of 80 m on the...

Answered: 1 week ago

Question

★★★★★
The term (2 points) refers to a broad range of tools and activities used to explore big data in order to make forecasting models that will inform decision-making. a) Information system b) Knowledge...

Answered: 1 week ago

Question

★★★★★
Jim decided to sell his business because he wanted to retire. Through their lawyers, Mike agreed to buy Jim's business for $500,000. A certified cheque was specified as the method of payment for the...

Answered: 1 week ago

Question

★★★★★
Cash flow analysis. Kary Kinnard has an opportunity to open a franchised pizza outlet. He can lease the building, so he needs to invest only in equipment, which he estimates will cost $60,000. For...

Answered: 1 week ago

Previous Question Next Question