Tammy Jackson purchased 109 shares of All-American Manufacturing Company stock at $33.60 a share. One year later, she soldthe stock for $41 a share. She paid her broker a $35 commission when she purchased the stock and a $43 commission when shesold it. During the 12 months she owned the stock, she received $198 in dividends. Calculate Tammy's total return on thisinvestment.Note: Round all intermediate calculations and final answer to the nearest whole number.Total return

Total number of shares purchased = 109Purchase price per share = $33.60Commission paid at the time…

Answered: Tammy Jackson purchased 109 shares of…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter2: The Domestic And International Financial Marketplace

Section: Chapter Questions

Problem 2P

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Tammy Jackson purchased 141 shares of All-American Manufacturing Company stock at $40.50 a share. One year later, she sold the stock for $44 a share. She paid her broker a $36 commission when she purchased the stock and a $42 commission when she sold it. During the 12 months she owned the stock, she received $167 in dividends. Calculate Tammy’s total return on this investment.
Margo bought stock for $1,500 plus a $25 commission; 18 months later she sold all the stock for $2,000 and paid a $25 commission. What was Margo's gain or loss (show your calculations), holding period and the nature of the sale of this stock? List all the forms Margo would use to report this sale.
Gary purchased 250 shares of PAC stock for $37 per share and sold this same stockone year later for $44 per share. He paid commissions of $15 when he purchased thestock and $10 when he sold the stock. Dividends of $1.50 per share were paid duringthe year. The total rate of return on this investment was ?
Sarah and James Hernandez purchased 220 shares of Macy's stock at $39 a share. One year later, they sold the stock for $75.00 a share. They paid a broker a commision of $8 when they purchased the stock and a commision of $12 when they sold the stock. During the 12-month period the couple owned the stock, Macy's paid dividends that totaled $1.75 a share. Calculate the Hernandez total return for this investment. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Total return
Sarah and James Hernandez purchased 160 shares of Cisco Systems stock at $20 a share. One year later, they sold the stock for $26.40 a share. They paid a broker $22 commission when they purchased the stock and a $30 commission when they sold the stock. During the twelve month period they owned the stock, Cisco Systems paid dividends that totaled $0.24 per share. Calculate the Hernandez’s total return for this investment.
Joel purchased 100 shares of stock for $31 per share. During the year, he received dividend checks amounting to $289. Joel recently sold the stock for $50 per share. What is the dollar amount of Joel's return?
Sarah and James Hernandez purchased 320 shares of Macy’s stock at $15 a share. One year later, they sold the stock for $35.00 a share. They paid a broker a commission of $7 when they purchased the stock and a commission of $11 when they sold the stock. During the 12-month period the couple owned the stock, Macy’s paid dividends that totaled $2.05 a share. Calculate the Hernandezes’ total return for this investment. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Sarah and James Hernandez purchased 140 shares of Macy's stock at $57 a share. One year later, they sold the stock for $61 a share. They paid a broker a commision of $8 when they purchased the stock and a commision of $12 when they sold the stock. During the 12-month period the couple owned the stock, Macy's paid dividends that totaled $1.00. Calculate the Hernandezes' total return for this investment.
Carla, Inc. purchased 1,810 shares of Oneida Corporation common stock for $84,600. During the year. Oneida paid a cash dividend of $1.10 per share. At year-end, Oneida stock was selling for $43.90 per share. Prepare Carla's journal entries to record (a) the purchase of the investment, (b) the dividends received, and (c) the fair value adjustment. (Assume a zero balance in the Fair Value Adjustment account.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (a) (b) (c) Account Titles and Explanation Debit Credit
Investor A makes a cash purchase of 100 shares of AB&C common stock for $78 a share.Investor B also buys 100 shares of AB&C but uses margin. Each holds the stock for one year,during which dividends of $9 a share are distributed. Commissions are 3 percent of the value ofa purchase or sale; the margin requirement is 75 percent, and the interest rate is 12 percentannually on borrowed funds. What is the percentage earned by each investor if he or she sellsthe stock after one year for (a) $69 and (b) $83? If the margin requirement had been 45 percent, what would have been the annual percentagereturns? What conclusion do these percentage returns imply?
Andrea purchased 250 shares of PAC stock for $37 per share and sold this same stock one year later for $44 per share. He paid commissions of $15 when he purchased the stock and $10 when he sold the stock. Dividends of $1.50 per share were paid during the year. The total rate of return on this investment was 22.7 percent. 19.3 percent. 18.9 percent. O 17.9 percent O22.9 percent.
Aisha Knox paid a total of $1,500 for 75 shares of stock. He sold the stock for $22.50 a share and paid a sales commission of $49.00. What is the profit or loss from the sale?

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