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

Question

1 Approved Answer

You purchased 500 shares in A Limited on 1 January 2015 for $85 per share. Now, assume that the stock pays an annual dividend of

You purchased 500 shares in A Limited on 1 January 2015 for $85 per share. Now, assume that the stock pays an annual dividend of $12 per share. On 31 December 2015, the market price is $91 per share. What is your total dollar return for the year?

A. $3 000

B. $6 000

C. $9 000

D. $45 500

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

Business Analysis And Valuation Using Financial Statements

Business Analysis And Valuation Using Financial Statements

Authors: Krishna G Palepu, Paul M Healy

4th Edition

032430286X, 9780324302868

More Books

Students also viewed these Finance questions

Question

★★★★★
True or False: 1. A principal is always liable on a contract, whether he is fully disclosed, unidentified, or undisclosed. 2. When a contract goes wrong, a third party can always recover damages from...

Answered: 1 week ago

Question

★★★★★
7-3 Explain how marketing strategy is influenced by a consumers external search.

Answered: 1 week ago

Question

★★★★★
=+b) The quarterly Gross Domestic Product (GDP) of France from 1980 to the present. c) The dates on which a particular employee was absent from work due to illness over the past two years.

Answered: 1 week ago

Question

★★★★★
Richard Larkin has prepared the following list of statements about managerial accounting and financial accounting. 1. Financial accounting focuses on providing information to internal users. 2....

Answered: 1 week ago

Question

★★★★★
Kindly solve the question in steps preferably on paper and explain your answer. Class diagram (10) Draw a class diagram representing a book defined by the following statement: "A book is composed of...

Answered: 1 week ago

Question

★★★★★
Alexander Hamilton argued that the judiciary was the least dangerous branch of government. Was he right? How much power do today's courts have? What would Hamilton think of the judicial system today?...

Answered: 1 week ago

Question

★★★★★
Build a LP model for the following scenario, but don't solve the LP model that you made. A company manufactures two products whose unit profits are $17 and $15, respectively. The company has budgeted...

Answered: 1 week ago

Question

★★★★★
What is the intercept for the regression equation to forecast demand, in the worksheet: Food Truck Demand?

Answered: 1 week ago

Question

★★★★★
What milk or dairy preferences do you and your family have? Have they changed? Why or why not?

Answered: 1 week ago

Question

★★★★★
When should you avoid using exhaust brake select all that apply

Answered: 1 week ago

Question

★★★★★
A customer order entered into a Manufacturing system or Distribution system will document which the warehouse will need to action. What is the name of this Document?

Answered: 1 week ago

Question

★★★★★
Be able to describe the characteristics of an effective human resources department

Answered: 1 week ago

Question

★★★★★
Understand how to advise department managers about adopting a proactive approach with human resources, suggesting how to approach human resources in a number of areas of concern

Answered: 1 week ago

Question

★★★★★
Know how to find a consultant

Answered: 1 week ago

Previous Question Next Question