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iren2701 [21]
3 years ago
7

Sarah buys 500 shares of stock at $18 and sells the holding for a capital gain of $3,000. What was the share price at the time o

f the sale?
Business
1 answer:
djverab [1.8K]3 years ago
7 0

Answer:

$24

Explanation:

500 * 18 = $9000 worth of stock initially.

She sells with a $3000 gain, which means the value of the stock is $12000

12000/500 = $24

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4 years ago
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Winona and Hubert need to decide which one of them will take time off from work to complete the rather urgent task of shearing t
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Explanation:

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3 years ago
Common stock​ value: Constant growth The common stock of Barr Labs​ Inc., trades for ​$120 per share. Investors expect the compa
BlackZzzverrR [31]

Answer:

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Explanation:

Using dividend growth model we have

P{_0} = \frac{D{_1}}{K{_e} - g}

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Now putting values we have

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5 0
3 years ago
A company has net income of $90,000; its weighted-average common shares outstanding are 18,000. Its dividend per share is $0.45,
LekaFEV [45]

Answer:

Option B is correct (17.6)

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Explanation:

option B is correct (17.6)

Given Data:

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Weighted-average common shares outstanding=18,000

Market price per share=$88

Book value per share=$76

Required:

Price-earnings ratio=?

Solution:

Formula:

Price-earnings ratio=\frac{Market\ price\ per\Share}{\frac{Net\ Income}{ weighted\ -\ average\ common \ shares\ outstanding } }

Price-earnings ratio=\frac{\$88}{\frac{\$90,000}{18,000}}

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5 0
4 years ago
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mel-nik [20]

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