Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have a thing for Tony Stark and jumped at the opportunity to purchase shares of stock in Ironman Brew Co. on January 1st for

image text in transcribed
You have a thing for Tony Stark and jumped at the opportunity to purchase shares of stock in Ironman Brew Co. on January 1st for $85 per share. On December 31 of that year, the stock was valued at $100 per share, the company reported net income of $10 million, and they had paid their shareholders $1.60 per share in dividends during the year. There are 1.25 million shareholders. What was your total return on the stock during this time period (round to two decimal places)? 1.88% 17.65% 19.53%

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

Personal Finance A Practical Approach

Authors: Jane King, Mary Carey

1st Edition

0199668833, 9780199668830

More Books

Students also viewed these Finance questions

Question

# 15 19 20 24 25 One Gigabyte is approximately equal to 130on Delow

Answered: 1 week ago

Question

=+1. Is it OK for a firm to profit from poverty?

Answered: 1 week ago