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skelet666 [1.2K]
3 years ago
10

Suppose a stock had an initial price of $92 per share, paid a dividend of $2.30 per share during the year, and had an ending sha

re price of $75.50. a. Compute the percentage total return. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What was the dividend yield
Business
1 answer:
RUDIKE [14]3 years ago
7 0

Answer:

(a) Percentage return = -$14.20 ÷ $92 = -15.43%

(b) Dividend Yield = $2.30 ÷ $92 = 2.50%

Explanation:

Initial price per share= $92.00

Ending share price = $75.50

Capital loss = $75.50 - $92.00  = -$16.50

Dividend = $2.30

Net return = -$16.50 + $2.30 = -$14.20

(a) Percentage return = (-$14.20 ÷ $92) × 100% = -15.43%

(b) Dividend Yield = ($2.30 ÷ $92) × 100% = 2.50%

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Answer and Explanation:

The journal entries are shown below:

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     To Cash  $53,420

(Being the equipment is purchased for cash is recorded)

The computation is given below:

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= $49,500 + $3,650 + $100 + $60 + $110

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2. Depreciation expense $9,614

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(Being the depreciation expense is recorded)

The computation is shown below:

= ($53,420 - $5,350) ÷ ( 5 years)

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3 years ago
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Finger [1]

Answer:

Debt

Explanation:

Debt is the lowest cost source of financing because the <em>interest</em> return given to holders of debt has a <em>tax shield</em> (tax deductible) that is provided by the Section 11j  of the Income tax Act.

The other sources of finance give a return in form of <em>dividends</em>. Dividends are are not tax deductible hence they attract a huge cost.

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3 years ago
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Answer:

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Answer:

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EXPLANATION:

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Answer:

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3 years ago
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