Maurice Tutor

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    Argosy University/ Phoniex University/
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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 20 Feb 2018 My Price 3.00

Anchor Concrete’s common stock

On January 1, Garrity Jones purchased 100 shares of Anchor Concrete’s common stock for $80 per share. It is now December 31 of the same year and the market value of the stock is $85 per share. During the year Garrity received dividends that totaled $7 per share.

a. What is the total dollar return that Garrity earned during the year?

b. Compute the yield (percent return) associated with the investment for the year

 
 

Answers

Maurice Tutor
(5)
Status NEW Posted 20 Feb 2018 07:02 PM My Price 3.00

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