Question

Four months ago, you purchased 1,200 shares of City Stream stock for $19.08 a share. You...

Four months ago, you purchased 1,200 shares of City Stream stock for $19.08 a share. You have received dividend payments equal to $.60 a share. Today, you sold all of your shares for $20.08 a share. What is your total dollar return on this investment?

$720

$3,840

$1,440

$1,200

$1,920

Homework Answers

Answer #1

The Correct answer of the above question is $ 1,920.

Total Dollar Return = ( Price at the end - Price at the beginning + Any Income Recieved during the year )

then,

Working Note -

1. Price at the beginning = No. Of shares * price of purchase

Price at the beginning = 1,200 * $ 19.08

Price at the beginning = $ 22,896

2. Price at the end = 1,200 * $20.08

Price at the end = $ 24,096

3. Income Recieved = 1,200 * $0.60

Income Recievd = $ 720

Then put the all digits in above formula.

Then,

Total Dollar Return = $24,096 - $22,896 + $720

Total Dollar Return = $ 1,920

if u have any query related to above question, then you can ask me in a commnet.

My priority is yours satisfaction.

Thanks

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
You purchased 200 shares of Frozen Foods stock for $42 a share eight months ago. Today,...
You purchased 200 shares of Frozen Foods stock for $42 a share eight months ago. Today, you received a dividend of $0.40 a share and also sold the shares for $46 each. What was your effective annualized rate of return on this investment?
One year ago, you purchased 500 shares of stock at a cost of $9500. The stock...
One year ago, you purchased 500 shares of stock at a cost of $9500. The stock paid an annual dividend of $2.20 per share. Today, you sold those shares for $25.5 each. What is the capital gains yield on this investment? What was your dividend yield on this investment? And what is total dollar return? What is Percentage return?
40) You purchased 300 shares of a non-dividend paying stock for $25.2 a share 6 months...
40) You purchased 300 shares of a non-dividend paying stock for $25.2 a share 6 months ago. Today, you sold those shares for $36.1 a share. What was your percentage annualized rate of return on this investment? 41) You purchased 300 shares of SLG, Inc. stock at a price of $43.3 a share. You then purchased put options on your shares with a strike price of $40.00 and an option premium of $1.8. At expiration, the stock was selling for...
You purchased shares of stock one year ago at a price of $64.46 per share. During...
You purchased shares of stock one year ago at a price of $64.46 per share. During the year, you received dividend payments of $2.15 and sold the stock for $71.58 per share. If the inflation rate during the year was 2.83 percent, what was your real return
Use the following to answer the next three questions. Three months ago, you purchased 1000 shares...
Use the following to answer the next three questions. Three months ago, you purchased 1000 shares of ABC stock on margin at $15/share. The initial and maintenance margins are 60% and 40%, respectively. Your broker charges you a 6% annual interest rate on borrowed funds. You've received a $1 dividend per share over the course of your investment. ABC trades for $12/share today. Find your current margin. Round intermediate steps and your final answer to four decimals and enter your...
8. You purchased shares of stock one year ago at a price of $63.80 per share....
8. You purchased shares of stock one year ago at a price of $63.80 per share. During the year, you received dividend payments of $2.03 and sold the stock for $70.92 per share. If the inflation rate during the year was 2.59 percent, what was your real return?
You purchased shares of stock one year ago at a price of $63.47 per share. During...
You purchased shares of stock one year ago at a price of $63.47 per share. During the year, you received dividend payments of $1.97 and sold the stock for $70.59 per share. If the inflation rate during the year was 2.47 percent, what was your real return? Multiple Choice 10.35% 11.57% 17.15% 14.36% 8.54%
Tom purchased 100 shares of Dalia Co. stock at a price of $123.61 four months ago....
Tom purchased 100 shares of Dalia Co. stock at a price of $123.61 four months ago. He sold all stocks today for $125.48. During the year the stock paid dividends of $6.31 per share. What is Tom’s effective annual rate?
Suppose that 9 years ago, you purchased 280 shares of stock in a corporation. Between then...
Suppose that 9 years ago, you purchased 280 shares of stock in a corporation. Between then and now, the stock had a 3:1 split and a 4:1 split. Today, each share sells for $16. If selling all of your shares today would give your investment an annual rate of return of 10%, what was the price per share when you made the purchase 9 years ago? Round your answer to the nearest dollar.
Three months ago, you purchased 100 shares of stock on margin. The initial margin requirement on...
Three months ago, you purchased 100 shares of stock on margin. The initial margin requirement on your account is 70 percent and the maintenance margin is 40 percent. The call money rate is 4.2%/year and you pay 2.0% above that rate. The purchase price was $22 per share. Today, you sold these shares for $25.00 each. What is your annualized rate of return?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT