Use the commission schedule from Company A shown in the tableto find the annual rate of interest earned on the investment. (Note:commissions are rounded to the nearest cent.)Principal (Value of Stock)Under $3,000$3,000 to $10,000Commission$25+1.8% of principal$37+1.4% of principalOver $10,000An investor purchases 291 shares at $12.36 a share, holds the stock for 30 weeks, and then sells the stock for $20.06 a share.$107+0.7% of principalThe annual rate is %. (Round to five decimal places.)

The rate of return on the stock refers to the annual profits provided by the stock to the investors.…

Answered: Use the commission schedule from…

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

See similar textbooks

Similar questions

Use the commission schedule from Company A shown in the table to find the annual rate of interest earned on the investment. (Note: commissions are rounded to the nearest cent) Principal (Value of Stock) Under $3,000 $3,000 to $10,000 Over $10,000 An investor purchases 128 shares at $10.81 a share, holds the stock for 28 weeks, and then sells the stock for $21.56 a share. The annual rate is. (Round to five decimal places) Como Commission $25+1.8% of principal $37+1,4% of principal $107 0.7% of principal
Use the commission schedule from Company A shown in the table to find the annual rate of interest earned on the investment. (Note: commissions are rounded to the nearest cent.) Principal (Value of Stock) Commission Under $3,000 $25+1.8% of principal $3,000 to $10,000 $37+1.4% of principal Over $10,000 $107+0.7% of principal An investor purchases 396 shares at $12.01 a share, holds the stock for 45 weeks, and then sells the stock for $16.63 a share. The annual rate is My wrong answer >>>>37.55%. (Round to five decimal places.)
Use the commission schedule from Company A shown in the table to find the annual rate of interest earned on the investment. (Note: commissions are rounded to the nearest cent.) An investor purchases 330 shares at $10.69 a share, holds the stock for 49 weeks, and then sells the stock for $18.91 a share. The annual rate is%. (Round to five decimal places.) Principal (Value of Stock) Under $3,000 $3,000 to $10,000 Over $10,000 Commission $25 +1.8% of principal $37+ 1.4% of principal $107 +0.7% of principal
Use the commission schedule from Company A shown in the table to find the annual rate of interest earned on the investment. (Note: commissions are rounded to the nearest cent.) An investor purchases 396 shares at $12.01 a share, holds the stock for 45 weeks, and then sells the stock for $16.63 a share. The annual rate is not (37.55%)** What is the annual rate %? (Round to five decimal places
Use the commission schedule from Company A shown in the table to find the annual rate of interest earned on the investment. (Note: commissions are rounded to the nearest cent.) An investor purchases 333 shares at $10.28 a share, holds the stock for 25 weeks, and then sells the stock for $13.26 a share. The annual rate is ____%
1.5000 shares of stock were purchased at $25 per share with a 5% broker commission. The following year they were sold for $28 per share with a 3% broker commission. What was the profit on this investment? You pay the commission both when buying and selling. Commission is added to the buying cost and subtracted from the selling amount. Total Cost of Investment $ Total Amount Received upon Sale $ Actual Profit on the Investment $
Use the comission schedule from Company B shown in the table to find the annual rate of interest earned on the investment. (Note: commisions are rounded to the nearest cent.) An investor purchases 100 shares at $36.08 a share, holds the stock for 304 days, and then sells the stock for $49.31 a share. Assume a 360-day year. The annual rate of interest is %? (Round to three decimals)
Suppose a company purchases 2,000 shares of its own $1 par value common stock for $16 per share. The company then resells 400 of these shares for $20 per share. Which of the following is recorded at the time of the resale? a. Credit Common Stock for $400. b. Credit Treasury Stock for $8,000. c. Credit Common Stock for $8,000. d. Credit Additional Paid-In Capital for $1,600.
5000 shares of stock were purchased at $25 per share with a 5% broker commission. The following year they were sold for $28 per share with a 3% broker commission. What was the profit on this investment? You pay the commission both when buying and selling. Commission is added to the buying cost and subtracted from the selling amount. Total Cost of Investment $ (blank) Total Amount Received upon Sale $ (blank) Actual Profit on the Investment $ ( blank0
The market value of the stock of shine corporation at the beginning of year one is 120 per share at the beginning of your two is 130 pesos it declares dividends of 24 share what is the holding period return from the said investment
The following equity investment transactions were completed by Romero Company during a recent year: Apr. 10 Purchased 5,000 shares of Dixon Company for a price of $25 per share plus a brokerage commission of $75. July 8 Received a quarterly dividend of $0.60 per share on the Dixon Company investment. Sept. 10 Sold 2,000 shares for a price of $22 per share less a brokerage commission of $120. Journalize the entries for these transactions. Refer to the Chart of Accounts for exact wording of account titles.
At the beginning of last year an investor purchased 300 shares of common stock from MRP Corporation at $20 per share. During the year, the firm paid dividends of $1 per share. At the end of the year, the investor sold the 300 shares at $21 per share. What is the rate of return?a.) 20%b.) .1%c.) 10.00%d.) 1.10%

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

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

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

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

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS