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

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

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

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
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,



Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,



Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,

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…
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