The client's average cost per share of GRO is $40.61
<h3>What is the cost per share of stock?</h3>
The most recent price at which a stock has traded is known as the "share price," or market price per share of stock. When the price a buyer is prepared to pay for a stock meets the price a seller is willing to accept for a stock, it happens as a result of market forces. Divide the total cost of the acquisition by the number of shares purchased to arrive at the average price per share.
Given:
Net asset value of fund(X) Number of shares purchased(Y) X×Y
$ 44.44 45 $1,999.80
$ 38.46 52 $1,999.92
$ 33.90 59 $2,000.10
$ 48.78 41 $1,999.98
Total 197 $7,999.80
Client's average cost per share $ 40.61
Average cost per share = 7999.80/197 = $40.61
To learn more about average cost per share, visit:
brainly.com/question/10375920
#SPJ1
Answer:
c. 10.38%
Explanation:
Loan Amount = $10,000
Quarterly Interest payment = $250
Interest Payment for the year = $250 x 4
Interest Payment for the year = $1,000
Nominal interest rate = ($1,000 / $10,000) x 100 = 10%
Nominal interest rate = r = 10%
Number of periods = m = 4
Effective Interest rate = [ ( 1 + r/m )^m]-1
Effective Interest rate = [ ( 1 + 0.1/4 )^4] -
Effective Interest rate = [ ( 1 + 0.025 )^4] -1
Effective Interest rate = 10.38%
Answer: Option C
Explanation: Primary market refers to the market in which the securities are sold to the general public for the first time by the companies. In simple words, the initial public offering process takes place in such markets. The securities could be of any type whether debt, equity or preference.
The market in which existing securities are bough and sold is called secondary market. And the commission is paid in both secondary and primary market.
Hence the correct option is C.
Answer:
$ 10,867 F
Explanation:
Actual results$305,100
Flexible budget [$56,840+ ($2,874× 89) + ($13 ×257)]
$56,840+$255,786+$3,34= $315,967
Spending variance $ 10,867
($305,100-$315,967)
The spending variance for plane operating costs in November would be closest to $ 10,867 because the actual expense is less than the flexible budget, which makes the variance favorable (F)
<span>Market segmentation is the process of dividing a larger market into smaller groups (segments). </span><span>Marketers segment broad markets into smaller target segments based on a variety of</span> based on meaningfully shared characteristics.
These characteristics can be behavioral, geographic and demographic.
