The following is a recent stock market listing for Bombardier Inc. common shares: Instructions (a) What is
Question:
Instructions
(a) What is the highest price Metro's shares traded at during the year? The lowest? If you had bought 100 common shares of this company at its lowest price during the year and then sold them at the highest price during the year, what would your income be from such a trade?
(b) What is the annual per-share dividend paid on these shares?
(c) If you had purchased 1,000 common shares at Metro's closing price of the day in the above listing, what would be the total cost of your share purchase?
(d) What was the closing price of Metro's common shares on the previous day?
(e) How many of Metro's common shares were sold on the trading day of the listing?
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine