3. Starbucks Coffee was selling for $57.12 per share eighteen months ago and you purchased 250 shares. You sold your shares last week for $68.38 per share. How much profit did you make on the sale? Explain your answer.
3. Starbucks Coffee was selling for $57.12 per share eighteen months ago and you purchased 250 shares. You sold your shares last week for $68.38 per share. How much profit did you make on the sale? Explain your answer.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Number 3
![.|. 1 2
1.510,483.50
2. I calculated the profit by subtracting $47.75 from $62.25, which equals $14.50. Then
multiplied $14.50 and 723 which equals $10,483.50.
2. During the year you own Nike stock you earn a dividend of $ 1.25 per share. You
own 720 shares. How much did you earn in dividends? How did you arrive at your
Answer?
1.$900.00
2| multiplied the 720 by $1.25 which equaled $900.
3. Starbucks Coffee was selling for $57.12 per share eighteen months ago and you
purchased 250 shares. You sold your shares last week for $68.38 per share. How
much profit did you make on the sale? Explain your answer.
4. You own 100 shares in each of three companies. Each company pays a dividend.
Gillette pays $1.15 per share in dividends. General Electric pays $.79 per share in
dividends. Hershey Foods pays $.84 per share in dividends. How much do you
collect in dividends from all three companies? Explain how you got your answer.
5. Using the information from questions #1 and #3, what was your total profit from
DELL
C](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0547d6e8-e240-4202-9323-fa6ec2f12bcf%2Fb0e1586d-c865-40b4-81a9-36f030e6c2fb%2Ftcqo1n_processed.jpeg&w=3840&q=75)
Transcribed Image Text:.|. 1 2
1.510,483.50
2. I calculated the profit by subtracting $47.75 from $62.25, which equals $14.50. Then
multiplied $14.50 and 723 which equals $10,483.50.
2. During the year you own Nike stock you earn a dividend of $ 1.25 per share. You
own 720 shares. How much did you earn in dividends? How did you arrive at your
Answer?
1.$900.00
2| multiplied the 720 by $1.25 which equaled $900.
3. Starbucks Coffee was selling for $57.12 per share eighteen months ago and you
purchased 250 shares. You sold your shares last week for $68.38 per share. How
much profit did you make on the sale? Explain your answer.
4. You own 100 shares in each of three companies. Each company pays a dividend.
Gillette pays $1.15 per share in dividends. General Electric pays $.79 per share in
dividends. Hershey Foods pays $.84 per share in dividends. How much do you
collect in dividends from all three companies? Explain how you got your answer.
5. Using the information from questions #1 and #3, what was your total profit from
DELL
C
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Essentials Of Investments](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781260013924/9781260013924_smallCoverImage.jpg)
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
![FUNDAMENTALS OF CORPORATE FINANCE](https://www.bartleby.com/isbn_cover_images/9781260013962/9781260013962_smallCoverImage.gif)
![Financial Management: Theory & Practice](https://www.bartleby.com/isbn_cover_images/9781337909730/9781337909730_smallCoverImage.gif)
![Essentials Of Investments](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781260013924/9781260013924_smallCoverImage.jpg)
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
![FUNDAMENTALS OF CORPORATE FINANCE](https://www.bartleby.com/isbn_cover_images/9781260013962/9781260013962_smallCoverImage.gif)
![Financial Management: Theory & Practice](https://www.bartleby.com/isbn_cover_images/9781337909730/9781337909730_smallCoverImage.gif)
![Foundations Of Finance](https://www.bartleby.com/isbn_cover_images/9780134897264/9780134897264_smallCoverImage.gif)
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
![Fundamentals of Financial Management (MindTap Cou…](https://www.bartleby.com/isbn_cover_images/9781337395250/9781337395250_smallCoverImage.gif)
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
![Corporate Finance (The Mcgraw-hill/Irwin Series i…](https://www.bartleby.com/isbn_cover_images/9780077861759/9780077861759_smallCoverImage.gif)
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education