Dave is sitting with his friend Bob and he tells Bob he is going to propose to h

ID: 2483512 • Letter: D

Question

Dave is sitting with his friend Bob and he tells Bob he is going to propose to his girlfriend in the next few weeks. He also tells Bob that he recently found a stock certificate that was given to him on his 1st birthday, which was 1/11/82. The Stock certificate is for 400 shares of Home Depot Stock. He looked at the recent stock price and decided to “sell it all, and bring me a check” Bob being a stockbroker said that he would comply with Dave’s wishes and immediately sell the shares that Dave owned. Bob called the on April 15, 2016 and told Dave that the sale had been completed. You may disregard dividends in any / all calculations. Please use finance.yahoo.com as your source of information to answer the following questions: 1. How much was spent on the original purchase of the 400 shares of Home Depot? 2. How many shares did Dave own just before Bob sold them?

Explanation / Answer

The price of the stock om 1/11/1982 was # 32.75 per share

SO to buy 400 shares total 400 * 32.75 that is $ 13,100 was spent

Total 1.76 shares

Split Record Date Ratio Total shares 01-Nov-82 400.00 5 for 4 12-Apr-82 0.80 320.00 2 for 1 29-Nov-82 0.50 160.00 2 for 1 01-Jun-83 0.50 80.00 3 for 2 08-Sep-87 0.67 53.33 3 for 2 14-Jun-89 0.67 35.56 3 for 2 14-Jun-90 0.67 23.70 3 for 2 05-Jun-91 0.67 15.80 3 for 2 11-Jun-92 0.67 10.53 4 for 3 24-Mar-93 0.75 7.90 3 for 2 12-Jun-97 0.67 5.27 2 for 1 11-Jun-98 0.50 2.63 3 for 2 02-Dec-99 0.67 1.76

Navigate

Dave is an executive director of a drug rehabilitation nonprofit organization th

Dave is sitting with his friend Bob and he tells Bob he is going to propose to h

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.

Dave is sitting with his friend Bob and he tells Bob he is going to propose to h

Question

Explanation / Answer

Related Questions

Navigate