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

Question

1 Approved Answer

You purchased 300 shares of MECCS Inc. stock at $42.80 per share. After holding the stock for one year, you received total dividends of $870

You purchased 300 shares of MECCS Inc. stock at $42.80 per share. After holding the stock for one year, you received total dividends of $870 and then sold all your shares for $41.95 per share. Calculate your total percentage return on your investment.

A.

4.79 percent
B.

8.76 percent
C.

6.78 percent
D.

5.32 percent

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

The Almanack Of Stanley Druckenmiller From Over 40 Years Of Investing Wisdom With Quantum Fund And Duquesne Capital Management

The Almanack Of Stanley Druckenmiller From Over 40 Years Of Investing Wisdom With Quantum Fund And Duquesne Capital Management

Authors: Rui Zhi Dong

1st Edition

B0B3NV2H9M, 979-8850611453

More Books

Students also viewed these Finance questions

Question

How does succession planning influence a companys bench strength?

Answered: 1 week ago

Question

★★★★★
The Evanec Companys next expected dividend, D1, is $3.18; its growth rate is 6%; and its common stock now sells for $36.00. New stock (external equity) can be sold to net $32.40 per share. a. What is...

Answered: 1 week ago

Question

★★★★★
as an entrenperur would there be areas in your life that you would place at a higher priority than growing a business? EXPLAIN IN DETAIL

Answered: 1 week ago

Question

★★★★★
Way Cool produces two different models of air conditioners. The company produces the mechanical systems in its components department. The mechanical systems are combined with the housing assembly in...

Answered: 1 week ago

Question

★★★★★
Question 4 (15 marks). Provided is the information on admission and training expense for the last four quarters of the year. Determine the standard error of estimate. (15 marks) Training Expense...

Answered: 1 week ago

Question

★★★★★
I need your to make a decision. I am considering making a long term investment on a project. My initial investment would be $18,250 but the after tax cash inflows it should deliver back to my company...

Answered: 1 week ago

Question

★★★★★
Q1- The average market price is $753.44 per share and average book value per share is $89.61,. The average book value is estimated to grow at 1.74 percent. Determine the market price. Q2- Determine...

Answered: 1 week ago

Question

★★★★★
30 points Kumakari is a small furniture store. It has annual sales of $2,000,000. Beginning-of-year inventory (at cost) equals $375,000; ending inventory (at cost) is $325,000. The yearly purchases...

Answered: 1 week ago

Question

★★★★★
Which of the following reflects the recommended use of punctuation to join compound words in formal legal writing? If you aren't sure whether a word should be hyphenated, the best thing to do is look...

Answered: 1 week ago

Question

★★★★★
=+know you, would you use the direct approach, focusing on the recommendation, or the indirect approach, focusing on logic? Why? [LO-6]

Answered: 1 week ago

Question

★★★★★
=+your visuals and identify the major types of business visuals

Answered: 1 week ago

Question

★★★★★
=+5 Summarize the four tasks involved in completing business reports and proposals

Answered: 1 week ago

Previous Question Next Question