6) You purchased Pharmaceuticals stock at $34.00. A year later you bought an additional 300 shares at $38.75. You paid a commission of $29.95 on each transaction. A year later you sold the original 150 shares plus 100 shares from the second purchase of 300 shares at $46.71. You paid a sales commission of $40.00 when they sold the stock. What was the profit or loss from the sale of the 250 shares?

6) You purchased Pharmaceuticals stock at $34.00. A year later you bought an additional 300 shares at $38.75. You paid a commission of $29.95 on each transaction. A year later you sold the original 150 shares plus 100 shares from the second purchase of 300 shares at $46.71. You paid a sales commission of $40.00 when they sold the stock. What was the profit or loss from the sale of the 250 shares?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Two years ago, you purchased 100 shares of General Mills Corporation. Your purchase price was $54 a share, plus a total commission of $35 to purchase the stock. During the last two years, you have received the following dividend amounts: $1.80 per share for the first year and $1.93 per share the second year. Also, assume that at the end of two years, you sold your General Mills stock for $59 a share minus a total commission of $44 to sell the stock. a. Calculate the dividend yield for your General Mills stock at the time you purchased it. Note: Enter your answer as a percent rounded to 2 decimal places. b. Calculate the dividend yield for your General Mills stock at the time you sold it. Note: Enter your answer as a percent rounded to 2 decimal places. c. Calculate the total return for your General Mills investment when you sold the stock at the end of two years. Note: Do not round intermediate calculations. Round your final answer to the nearest whole number. d. Calculate the…
Two years ago, you purchased 100 shares of General Mills Corporation. Your purchase price was $57 a share, plus a total commission of $30 to purchase the stock. During the last two years, you have received the following dividend amounts: $2.25 per share for the first year and $2.41 per share the second year. Also, assume that at the end of two years, you sold your General Mills stock for $66 a share minus a total commission of $43 to sell the stock. Calculate the dividend yield for your General Mills stock at the time you purchased it. Calculate the dividend yield for your General Mills stock at the time you sold it. Calculate the total return for your General Mills investment when you sold the stock at the end of two years. Calculate the annualized holding period yield for your General Mills investment at the end of the two-year period.
You purchase 480 shares of stock at $39.40 per share. Several months later you sell the shares at $36.10. Your broker charges 2% commission on round lots and 3% on odd lots. Calculate the gain or loss (in $) on the transaction. $
On October 1, you sold short 100 shares of Wayne stock at $25 per share. On December 1, a dividend of $3 per share was paid. On Jan 1, you covered the short sale by buying the stock at a price of $15 per share. You paid 50 cents per share in commissions for each transaction i.e. for each trade. What is the net gain of the short sale? (Show work for partial credit) O $2500 O $1500 $1200 $1150 O $1100
(a)You purchased 300 shares of stocks at $27.50 per share dividend .What was your return for the year?(b) the next year ypu also received 3.50 per share dividend , and at the end of the year you sold your stock for 32.00 per share .What was your return on holding this stock?(c) (c) Robert bought shares of 6% $100 face value at a price of $120. Sam bought shares of 8% $20 face value at $30. Whose investment was better?
2 years ago I purchased 100 shares of General Mills Corporation for $42 a share plus a commission of $29 to purchase. During the last 2 years I received the dividend amount 1.92 per share the first year and 1.96 per share the second year. At the end of 2 years I sold my stock for $49 a share minus a total commission of $34 to sell the stock. What is the dividend yield of my stock when I purchased it?? What is my dividend yield at the time I sold it? What is my total return when I sold the stock and the end of 2 years? What is the annualized holding period yield of my investment at the end of w years?
Two years ago, you purchased 100 shares of General Mills Corporation. Your purchase price was $61 a share, plus a total commission of $38 to purchase the stock. During the last two years, you have received total dividends of $2.48 per share. Also, assume that at the end of two years, you sold your General Mills stock for $66 a share minus a total commission of $36 to sell the stock. Calculate the total return for your investment and the annualized holding period yield. O Total return on the investment: $574. Annualized holding period yield: 4.70%. O Total return on the investment: $674. Annualized holding period yield: 5.52%. O Total return on the investment: $774. Annualized holding period yield: 6.34%. O Total return on the investment: $874. Annualized holding period yield: 7.16%.
You purchased 10 shares of common stock in Abigail's Café at the beginning of this year for $38.00 per share and held the stock for one year. The stock paid a dividend of $2/share during the year. You were able to sell the stock for $40 per share. What was your holding period return?
ou purchased 850 shares of Sea Inc. common stock one year ago for $47 per share. You received a dividend of $1.35 per share today and decide to take your profits by selling at $52.50 per share. What is your Olding period rate of return? A. 12.72% B. 14.57% OC. 11.70% O D.8.58% O E. None of the above.
You purchase 460 shares of stock at $37.60 per share. Several months later you sell the shares at $33.10. Your broker charges 2% commission on round lots and 3% on odd lots. Calculate the gain or loss (in $) on the transaction. Enter a number. Need Help? Read It Watch It Master It
You purchased 500 shares of stock six years ago at $21.25 and incurred brokerage fees of $345. You received annual dividends of 27 cents per share. You just sold the stock for $54 and incurred brokerage fees totaling $518, immediately after receiving the sixth annual dividend. Calculate your rate of return.
One year ago, Jeff purchased 1 share of Buy-Mart stock. A share of Buy-Mart is currently priced at $205.25. Buy-Mart just paid an annual dividend of $8.53 per share. If the stock's percentage return was -5.56% over the past year (from one year ago to today), what was the price of the Buy-Mart share when Jeff bought it? O $217.33 (plus or minus $1) O $208.30 (plus or minus $1) O $226.37 (plus or minus $1) O $196.72 (plus or minus $1) O none of the answers are within $1 of the correct answer

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