Statistics for Business & Economics, Revised (MindTap Course List)
12th Edition
ISBN: 9781285846323
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: South-Western College Pub
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Textbook Question
Chapter 20, Problem 25SE
The closing price of Apple stock, adjusted for splits and dividends, for the first trading day of December 2007–2011 are given below. The CPI for December of each year is also given (Yahoo Finance and the U.S. Census Bureau). Deflate the stock price series and comment on the financial performance of Apple stock.
Year | Price ($) | CPI |
2007 | 198.08 | 210.0 |
2008 | 85.35 | 210.2 |
2009 | 210.73 | 215.9 |
2010 | 322.56 | 219.2 |
2011 | 405.00 | 225.7 |
Expert Solution & Answer
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Check out a sample textbook solutionStudents have asked these similar questions
A Paasche price index for each year.
Using the data in the table to the right, calculate the return for
investing in the stock from January 1 to December 31. Prices
are after the dividend has been paid. (Click on the following
icon in order to copy its contents into a spreadsheet.)
Date
Jan 1
Feb 5
May 14
Aug 13
Nov 12
Dec 31
Price
$34.59
$32.28
$28.81
$32.44
$36.13
$43.98
Dividend
$0.18
$0.21
$0.18
$0.19
Using the data in the table to the right, calculate the return for
investing in the stock from January 1 to December 31. Prices
are after the dividend has been paid. (Click on the following
icon D in order to copy its contents into a spreadsheet.)
Date
Price
Dividend
$33.24
$32.98
$30.09
$30.44
$37.11
$43.75
Jan 1
Feb 5
$0.18
May 14
Aug 13
$0.19
$0.22
$0.21
Nov 12
Dec 31
.....
Return for the entire period is
%. (Round to two decimal places.)
Chapter 20 Solutions
Statistics for Business & Economics, Revised (MindTap Course List)
Ch. 20.2 - The following table reports prices and usage...Ch. 20.2 - An item with a price relative of 132 cost 10.75 in...Ch. 20.2 - A large manufacturer purchases an identical...Ch. 20.2 - Prob. 4ECh. 20.2 - Under the last-in, first-out (LIFO) inventory...Ch. 20.3 - Price relatives for three items, along with...Ch. 20.3 - The Mitchell Chemical Company produces a special...Ch. 20.3 - Prob. 8ECh. 20.3 - Compute the price relatives for the RB Beverages...Ch. 20.5 - Registered nurses in 2007 made an average hourly...
Ch. 20.5 - The average hourly wage rate for construction...Ch. 20.5 - Shipments of product from manufacturer to the...Ch. 20.5 - Prob. 13ECh. 20.7 - Prob. 14ECh. 20.7 - Prob. 15ECh. 20.7 - An automobile dealer reports the 1994 and 2011...Ch. 20 - Many factors influence the retail price of...Ch. 20 - Prob. 18SECh. 20 - Prob. 19SECh. 20 - Boran Stockbrokers, Inc., selects four stocks for...Ch. 20 - Compute the price relatives for the four stocks...Ch. 20 - Prob. 22SECh. 20 - Seafood price and quantity data are reported by...Ch. 20 - Prob. 24SECh. 20 - The closing price of Apple stock, adjusted for...Ch. 20 - Prob. 26SE
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- In the last three years, there have been changes of 55%, 3% and 2% in the production amount of a good, respectively. What is the geometric mean of the annual rate of change?arrow_forwardUsing the data in the table to the right, calculate the return for investing in the stock from January 1 to December 31. Prices are after the dividend has been paid. (Click on the following icon e in order to copy its contents into a spreadsheet.) Date Price Dividend $33.24 $32.98 $30.09 $30.44 $37.11 $43.75 Jan 1 $0.18 $0.19 $0.22 Feb 5 May 14 Aug 13 Nov 12 $0.21 Dec 31 Return for the entire period is %. (Round to two decimal places.)arrow_forwardA Laspeyres price index for each year?arrow_forward
- Go to Yahoo!Finance and download data at the MONTHLY frequency for the stock Apple Inc. with ticker AAPL with starting date January 1, 1990 and end date August 4, 2016. Use the ADJUSTED CLOSING PRICE to create the monthly RETURNS that are the percentage change of the adjusted closing price (NB: make sure to sort first the price from OLDEST TO NEWEST; the percentage return is 100 times the price change between the current and previous month divided by the price in the previous month). Based on the time series of the stock return, answer the following questions (NB: you should have 319 monthly returns): Calculate the sample mean or average of the stock return: Calculate the sample standard deviation of the stock return: !!! For the questions below, use the values for the mean and std. dev. that you typed above (only the first 2 decimals)!!! Assuming that the returns follow a normal distribution: Calculate the P(return > 2.21): Calculate the P(-12.37 x) = 0.9704: Calculate the lower…arrow_forwardc. Predict sales in 15 years.arrow_forward
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