Safari File Edit View History Bookmarks Window Help ezto.mheducation.com canvas

Question

Safari File Edit View History Bookmarks Window Help ezto.mheducation.com canvas mizzou- Yahoo Search Resuits Yahoo s... 2017FS FINANC 2000 Hegger -S... x Question 1 (of 12) value: 1.00 points Problem 9-2 Investment Return (LG9-1) Sprint Nextel Corp stock ended the previous last year. t ended last year at $356 at $40.16 per share. It paid a $3.07 per share dividend If you owned 750 shares of Sprint, what was your should be indicated with a minus si dollar return and percent retum? (Negative answers gn. Round your percent return answer to 2 decimal places.) Dollar return Percent return Hints References eBook & Resources Hint#1 Check my work Fy 0

Explanation / Answer

Total Value of investment in Stock = 750 × $35.69

= $26,767.50

Total Dividend received = 750 × $3.07

= $2,302.50.

Selling price of stock = 750 × $40.16.

= $30,120.

Now,

Dollar Return = ($30,120 + $2,302.50) - $26,767.50

= $32,422.50 - $26,767.50

= $5,655.

Dollar Return is $5,655.

Percentage return = $5,655 / $26,767.50

= 21.13%

Percentage return is 21.13%.

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

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