The following lists the six New York Stock Exchange volume leaders on June 24.   An investor buys 100 shares of GE at the Last Trade price, pays a $100 commission on the purchase, and sells the 100 shares a year later for $37.78 per share with a 2% commission on the sale. (a) Find the total cost. $  (b) Find the total dividend. $  (c) Find the commission when selling the shares. $  (d) Find the capital gain when selling the shares.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following lists the six New York Stock Exchange volume leaders on June 24.

 

An investor buys 100 shares of GE at the Last Trade price, pays a $100 commission on the purchase, and sells the 100 shares a year later for $37.78 per share with a 2% commission on the sale.

(a) Find the total cost.


(b) Find the total dividend.


(c) Find the commission when selling the shares.


(d) Find the capital gain when selling the shares.


(e) Find the total return for the year.


(f) Find the percent of return. (Round your answer to two decimal places.)
NYSE VOLUME LEADERS
Symbol
Name
Last Trade
GE
GEN ELECTRIC CO
34.78 Jun 24
NWS-A NEWS CORP CL A
16.90 Jun 24
PFE
PFIZER INC
28.52 Jun 24
GDT
GUIDANT CORP
63.90 Jun 24
3.02 Jun 24
58.15 Jun 24
LU
XOM
LUCENT TECH INC
EXXON MOBIL CP
Change
+0.12 (0.35%)
0.26 (1.56%)
+0.38 (1.31%)
4.70 (6.85%)
+0.09 (2.89%)
+0.87 (1.47%)
Dividend
$1.06
$0
$0.72
$0.40
$0
$1.10
Transcribed Image Text:NYSE VOLUME LEADERS Symbol Name Last Trade GE GEN ELECTRIC CO 34.78 Jun 24 NWS-A NEWS CORP CL A 16.90 Jun 24 PFE PFIZER INC 28.52 Jun 24 GDT GUIDANT CORP 63.90 Jun 24 3.02 Jun 24 58.15 Jun 24 LU XOM LUCENT TECH INC EXXON MOBIL CP Change +0.12 (0.35%) 0.26 (1.56%) +0.38 (1.31%) 4.70 (6.85%) +0.09 (2.89%) +0.87 (1.47%) Dividend $1.06 $0 $0.72 $0.40 $0 $1.10
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