Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Step 1: Computation of profit or loss at end of first day of trading of stock A
VIEW Step 2: Computation of profit or loss at end of first day of trading of stock B
VIEW Step 3: Computation of profit or loss at end of first day of trading of stock C
VIEW Step 4: Computation of total profit or loss at end of first day of trading
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- Six months ago, you purchased 3,000 shares of ABC stock for $47.06 a share. You have received dividend payments equal to $0.80 a share. Today, you sold all of your shares for $49.74 a share. What is your total dollar return on this investment? $2,400 $10,050 $8,040 $10,440 $20,880arrow_forwardAs the same investor, you put in a limit order to purchase the above company at $12.00 per share at 12:00P.M. on June 15. At 3:00P.M. the stock was selling for 11¾. Was your order executed?arrow_forwardYou purchased 500 shares of stock at $27.00 per share. Later that stock paid a $3.00 per share dividend. What was your return for the year? purchased 500 shares of stock Per share 27,00 Later the stock paid 3.00arrow_forward
- An investor purchased 500 shares of common stock, $25 par, for $19,250. Subsequently, 100 shares were sold for $35 per share. What is the amount of gain or loss on the sale?arrow_forwardA stock is selling for $83 per share. One-month European calls and puts on the stock with the strike price of $80 are selling for $6 and $3, respectively. Kevin creates a straddle by buying 100 calls and 100 puts. What is his net profit if the stock price is $85 one month later? O A loss of $600 O A gain of $400 O A loss of $400 O A loss of $900arrow_forwardYou own 350 shares of Maslyn Tours stock that sells for $52.48 per share. If the stock has a dividend yield of 2.4 percent, how much do you expect to receive next year in dividend income from this investment? Multiple Choice $468.38 $489.81 $429.35 $455.53 $440.83arrow_forward
- Jolie has an outstanding order with her stock broker to purchase 1,000 shares of every IPO. The current three IPOs are each priced at $16 a share and all started trading this morning. Jolie was allocated 300 shares of IPO A, 100 shares of IPO B, and 1,000 shares of IPO C. IPO A opened at $17 a share this morning and ended the day at $17.50 a share. IPO B opened at $21 a share and finished the day at $23 a share. IPO C opened at $16 a share and ended the day at $14.50 a share. What is Jolie's total profit or loss on these three IPOS as of the end of the day? O a. -$400 O b. -$350 O c. -$200 O d. -$150 O e. -$100arrow_forwardYou currently own 600 shares of stock AAA. The stock currently trades at $3 a share. The company is contemplating a 1-for-3 reverse stock split. Which of the following best describes your position after the proposed stock split takes place? You will have 200 shares of stock with $9 a share. You will have 1,800 shares of stock with $1 a share. You will have 200 shares of stock with $9 a share. You will have 1,800 shares of stock with $9 a share.arrow_forwardPlease I want answer for this question of multiple choice. Big thanksarrow_forward
- Your corporation currently has 200,000 shares of stock outstanding that sells for $50.00 per share. What will be the amount of shares outstanding and the share price after the reverse stock split. Please show your calculations in the space provided.Your corporation declared a three-for-six reverse stock split.arrow_forward9arrow_forward
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