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AnnZ [28]
3 years ago
15

On July 3, 2009, Devin purchased 100 shares of CDEF stock at a cost of $30 per share. His commission was $29. He sold his shares

on July 6, 2011, at a price of $45 per share less another $29 commission. During the time he held the stock, he earned dividends of $2.50 per share. What was his total return on his investment
Business
1 answer:
vichka [17]3 years ago
8 0

Answer:

$1,692

Explanation:

Data provided in the question:

Number of shares purchased = 100

Cost of stock = $30 per share

Commission = $29

Selling price per share = $45

Commission for selling = $29

Earned dividends = $2.50 per share

Now,

Total Return

= Number of Shares × (Sale Price - cost + Total dividends) - Total Commissions

or

Total Return = 100 × ($45 - $30 + $2.50) - (2 × $29)

or

Total Return = $1750 - $58

or

Total Return = $1,692

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To find the margin of safety in dollars, subtract the breakeven sales from the budged or actual sales. 

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2 years ago
If the supply curve and the demand curve for lettuce both shift to the left by an equal amount, what can we say about the result
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Answer:

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Samson, Inc. reported the following information for the​ year: Service Revenue $ 40 comma 000 Operating Expenses 24 comma 000 Ne
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Answer:

$2.29

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3 years ago
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Available options:

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