Last year mike bought 100 shares of dallas corporation common stock for $53 per share. during the year he received dividends of $1.45 per share. the stock is currently selling for $60 per share. what rate of return did mike earn over the year? a.11.7 percent b.13.2 percent c.14.1 percent d.15.9 percent
Added by Kathleen A.
Step 1
Mike bought 100 shares at $53 per share. Therefore, the total initial investment is: \[ 100 \text{ shares} \times \$53/\text{share} = \$5300 \] Show more…
Show all steps
Your feedback will help us improve your experience
Andrew Davis and 101 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
Six months ago, you purchased 100 shares of stock in Global Trading at a price of $38.70 a share. The stock pays a quarterly dividend of $1.15 a share. Today, you sold all of your shares for $40.10 per share. What is the total amount of your dividend income on this investment? A. $230 B. $215 C. $245 D. $250 E. $260
Sanchit J.
Use the given stock table to answer the question. 53) How much profit per share did company ABC earn in the past year? 52-Week Yld Vol Net High Low Stock Div % P/E 100s High Low Close Chg 33.16 16.74 ABC 0.63 2.5 24 4156 25.68 24.87 25.22 +0.16 27.83 12.07 XYZ 0.21 1.2 13 9175 18.17 17.26 17.39 +0.09 A) $1.27 B) $1.05 C) $1.15 D) $1.02
Madhur L.
1: A man owns 50 shares of stock worth $30 each. The corporation declared a dividend of 6% payable in stock. How many shares did he then own?
Benjamin D.
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD