a. How many shares could you buy for $5,000? (Round down your answer to the nearest whole number.) Number of shares b. What would be your annual dividend income from those shares? (Round your answer to 2 decimal places.) Annual dividend income c. What must be Hrec Holdings's earnings per share? (Round your answer to 2 decimal places.) Earnings per share d. What was the firm's closing price on the day before the listing? (Round your answer to 2 decimal places.)
a. How many shares could you buy for $5,000? (Round down your answer to the nearest whole number.) Number of shares b. What would be your annual dividend income from those shares? (Round your answer to 2 decimal places.) Annual dividend income c. What must be Hrec Holdings's earnings per share? (Round your answer to 2 decimal places.) Earnings per share d. What was the firm's closing price on the day before the listing? (Round your answer to 2 decimal places.)
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter10: The Cost Of Capital
Section: Chapter Questions
Problem 1TCL: CALCULATING 3MS COST OF CAPITAL Use online resources to work on this chapters questions. Please note...
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Transcribed Image Text:a. How many shares could you buy for $5,000? (Round down your answer to the nearest whole number.)
Number of shares
b. What would be your annual dividend income from those shares? (Round your answer to 2 decimal places.)
Annual dividend income
c. What must be Hrec Holdings's earnings per share? (Round your answer to 2 decimal places.)
Earnings per share
d. What was the firm's closing price on the day before the listing? (Round your answer to 2 decimal places.)

Transcribed Image Text:SYMBOL CLOSE NET CHG
57.94 -1.39
26.86 -0.71
14.57 -0.38
16.59 -0.16
106.24 0.80
13.27 -0.77
0.15
42.39
0.25
17.87
13.18 -0.28
NAME
Herbalife Nutrition
HLF
HRI
Herc Holdings
Heritage Insurance Holdings HRTG
Hersha Hospitality Trust CIA
Hershey
Hertz Global Holdings
Hess Corp.
Hess Midstream Partners
Hewlett Packard Enterprise
HT
HSY
HTZ
HES
HESM
HPE
YTD
%CHG
VOLUME
DIV YIELD P/E
52 WK 52 WK
HIGH
LOW
1,149,773 60.41 34.16 1.20 2.07 47.75 -1.71
389,826
3.10 3.35
72.99 24.16
81,929 19.15 12.85 0.24 1.65 22.01 -1.02
732,879 24.16 16.50 1.12 6.75 ...dd -5.42
1,145,889 114.63 89.10 2.89 2.72 22.00 -0.88
2,965,201 25.14 13.01
2.24 -2.78
5,969,511
...dd 4.67
74.81 35.59 1.00 2.36
5.24
47,899 24.51 16.17 1.43 8.00 14.60
11,756,695 19.48 12.09 0.45 3.41 11.46 -0.23
Figure 2.8 Listing of stocks traded on the New York Stock Exchange
Source: WSJ Online, January 4, 2019.
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