The following problem refers to the stock table for ABC Inc. a tire compay) give
ID: 2620081 • Letter: T
Question
The following problem refers to the stock table for ABC Inc. a tire compay) given below Use the stock table to answer the following questions. Where necessary, round the dollar amounts to the nearest cent Yld Vol Net Hi 69.25 39.36 ABC Inc. ABC 1.18 0.9 17 5915 56.52 54.01 54.96 +1.16 a. What were the high and low prices for a share for the past 52 weeks? High price s Low price: S b. If you owned 700 shares of this stock last year, what dividend did you receive? c. what is the annual return for the dividends alone? How does this compare to a bank offering a 3% interestrate 0 A. The yield is lower, and investing in the bank account is always the best option in this case. O B. The yield is lower, but there is still the potential to get a better returm on the stock investment d. How many shares of this company's stock were traded yesterday? shares e. What were the hinh and low nrices for a share vesterdav? Click to select your answer(s)Explanation / Answer
69.25
39.36
dividend = 700*1.18 = 826.00
0.9%
The yield is lower but there is still potential to get a better return on the stock investment
591500
56.52
54.01
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