Alpha Geek

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    Polytechnic State University Sanluis
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Category > Accounting Posted 29 Apr 2017 My Price 3.00

Yesterday Travis sold 1,000 shares of stock that

Yesterday Travis sold 1,000 shares of stock that he owned for $29 per share. Travis purchased the stock one year ago for $28 per share. During the year, Travis received a quarterly dividend equal to $0.10 per share. What return (yield) did Travis earn during the time he owned the stock?

 

Answers

Alpha Geek
(8)
Status NEW Posted 29 Apr 2017 06:04 AM My Price 3.00

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file 1493448027-Answer.docx preview (68 words )
Y-----------est-----------erd-----------ay -----------Tra-----------vis----------- so-----------ld -----------1,0-----------00 -----------sha-----------res----------- of----------- st-----------ock----------- th-----------at -----------he -----------own-----------ed -----------for----------- $2-----------9 p-----------er -----------sha-----------re.----------- Tr-----------avi-----------s p-----------urc-----------has-----------ed -----------the----------- st-----------ock----------- on-----------e y-----------ear----------- ag-----------o f-----------or -----------$28----------- pe-----------r s-----------har-----------e. -----------Dur-----------ing----------- th-----------e y-----------ear-----------, T-----------rav-----------is -----------rec-----------eiv-----------ed -----------a q-----------uar-----------ter-----------ly -----------div-----------ide-----------nd -----------equ-----------al -----------to -----------$0.-----------10 -----------per----------- sh-----------are-----------. W-----------hat----------- re-----------tur-----------n (-----------yie-----------ld)----------- di-----------d T-----------rav-----------is -----------ear-----------n d-----------uri-----------ng -----------the----------- ti-----------me -----------he -----------own-----------ed -----------the----------- st-----------ock-----------? -----------Ans-----------wer----------- M-----------one-----------y t-----------he -----------inv-----------est-----------or -----------got----------- fr-----------om -----------div-----------ede-----------nd -----------is -----------4*0-----------.1*-----------100-----------0 =----------- 40-----------0$ ----------- To-----------tal----------- re-----------tur-----------n i-----------s 1-----------000-----------*(2-----------9-2-----------8) -----------+ 4-----------00 ----------- /-----------(10-----------00*-----------28)----------- =-----------140-----------0/2-----------800-----------0 =----------- 5%----------- -----------
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