The Wall Street Journal reported the following stock exchange information for General Electric Co. on January 18,

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The Wall Street Journal reported the following stock exchange information for General Electric Co. on January 18, 2005:


The Wall Street Journal reported the following stock exchange information


a. If you owned 500 shares of GE, what amount would you receive as a quarterly dividend?
b.
Calculate and prove the dividend yield. Round to two decimal places.
c. What is GE's percentage change in market price from the January 17, 2005, close? Round to two decimal places.
d. What was the price of GE common stock at the beginning of the first trading day of the year? (Hint: Use the YTD % CHG column and the current price.)
e. If you bought 500 shares of GE at the close price on January 18, 2005, how much would it cost, and who gets themoney?

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
Dividend
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 An Integrated Statements Approach

ISBN: 978-0324312119

2nd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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