Question

YTD % Change	12 Week			Stock	Div	Yld%	PE	Vol 100s	Close	Net Change
- 2.7%	Hi	Lo		CDE	0.65		12	612	15.25	0.325
	31.125	10.375

Fill in the table.

What is the company’s earnings/share?

What was the stock’s closing price the day before?

If 20 trading days have passed since the start of the year, what was the price of the stock on the first trading day?

Answer 1

PE Ratio = 12 and Current Closing Price = $ 15.25

Therefore, Earnings per Share = Closing Price / PE = 15.25 / 12 = $ 1.270833

Net Change = $ 0.325

Therefore, Previous Closing price = Current Closing price - Net Change = 15.25 - 0.325 = $ 14.925

YTD = -2.7 % which implies that the stock price has fallen by 2.7 % till date (or over the 20 day trading period since the beginning of the year)

Let the initial price be K

Then. [(15.25 - K)/ K]^(20/365) - 1 = YTD

[(15.25 - K)/ K]^(20/365) - 1 = - 0.027

K = $ 9.491