You found the following stock quote for DRK Enterprises, Incorporated, at your favorite website. You also found that the stock paid a annual dividend of $0.75, which resulted in a dividend yield of 1.30 percent. Company DRK Enterprises Closing price a. What was the closing price for this stock yesterday based on today's closing price? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. DAILY YTD Symbol Volume Close Change Change Change DRK 18,649,130 77 0.26 0.45% 8.73% $ Traded lots 57.69 b. How many round lots of stock were traded? Note: Round your answer to the nearest whole round lot. 52 WEEK High Low Change 51.74 11.0% 78.19

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
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You found the following stock quote for DRK Enterprises, Incorporated, at your favorite website. You also found that the stock paid ar
annual dividend of $0.75, which resulted in a dividend yield of 1.30 percent.
Company
DRK Enterprises
a. What was the closing price for this stock yesterday based on today's closing price?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
Closing price
DAILY
YTD
52 WEEK
Symbol Volume Close Change Change Change High Low Change
DRK 18,649,130 ?? 0.26
8.73% 78.19 51.74 11.0%
0.45%
$
Traded lots
57.69
b. How many round lots of stock were traded?
Note: Round your answer to the nearest whole round lot.
Transcribed Image Text:You found the following stock quote for DRK Enterprises, Incorporated, at your favorite website. You also found that the stock paid ar annual dividend of $0.75, which resulted in a dividend yield of 1.30 percent. Company DRK Enterprises a. What was the closing price for this stock yesterday based on today's closing price? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Closing price DAILY YTD 52 WEEK Symbol Volume Close Change Change Change High Low Change DRK 18,649,130 ?? 0.26 8.73% 78.19 51.74 11.0% 0.45% $ Traded lots 57.69 b. How many round lots of stock were traded? Note: Round your answer to the nearest whole round lot.
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