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swelch2010
03.03.2020 •
Business
Sprint Nextel Corp stock ended the previous year at $25.00 per share. It paid a $2.57 per share dividend last year. It ended last year at $18.89. If you owned 650 shares of Sprint, what was your dollar return and percent return? A. $2,960; 11.13%B. -$4,960; -16.13%C. -$3,960; -15.13%D.-$2,301; -14.16%
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Ответ:
D.-$2,301; -14.16%
Explanation:
Explanation:
Earnings per share is the profit that a business makes per outstanding shares of the company. Outstanding shares are all shares that have been issued by a company and on which they have obligation to pay dividends.
The value of 650 shares of Sprint Nextel corp= 650*25= $16,250
Rate of return on Sprint Nextel shares= {(Ending price of shares- Beginning price of shares)+ Dividend}/Beginning price of shares
Rate of return on Sprint Nextel shares= {(18.89-25)+2.57}/25
Rate of return on Sprint Nextel shares= -0.1416
Dollar return on Sprint Nextel shares= Rate of return * Purchase price* Number of shares
Dollar return on Sprint Nextel shares= -0.1416* 25* 650= -$2,301
The percentage return= (Dollar return/Initial Total value of shares)* 100
Percentage return= (-2,301/16,250)*100 = -14.16%
Ответ:
x + y = 25
x - y = 7
2x = 32
x = 16
y = 25 - 16 = 9