Answer:
$50,000
Explanation:
The computation of the interest expense for deduction is shown below:
= Interest on a mortgage on his home + Interest on a mortgage on his vacation home
= $40,000 + $10,000
= $50,000
All other information which is given in the question is not relevant for the computation part. Hence, ignored it
We simply add both types of interest related to a mortgage on the home
Answer:
$730 and 3.53%
Explanation:
Given that
Initial Price = $103.39
Ending Price = $106.69
Dividend Paid = $0.35
Number of Shares owned = 200
The computation of the dollar return and the percent return is shown below:
Dollar return is
= [0.35 + ($106.69 - $103.39)] × 200
= $730
And, the percentage return is
= $730 ÷ (200 × $103.39)
= 3.53%
