Consider the following price and dividend data for General Electric Company: VIT Date Price ($) Dividend ($) December 31, 2008 January 26, 2009 April 28, 2009 July 29, 2009 October 28, 2009 $14.64 $13.35 $0.10 $9.14 $0.10 $10.74 $0.10 $8.02 $0.10 December 30, 2009 $7.72 that you purchased General Electric Company stock at the closing price on December 31, 2008 and sold it after the dividend had been paid at the closing price on January 26, 2009. Your total return rate (yield) for this period is closest to: a. -8.13%. b. -8.80%. C. 0.75%. d. 0.70%.
Consider the following price and dividend data for General Electric Company: VIT Date Price ($) Dividend ($) December 31, 2008 January 26, 2009 April 28, 2009 July 29, 2009 October 28, 2009 $14.64 $13.35 $0.10 $9.14 $0.10 $10.74 $0.10 $8.02 $0.10 December 30, 2009 $7.72 that you purchased General Electric Company stock at the closing price on December 31, 2008 and sold it after the dividend had been paid at the closing price on January 26, 2009. Your total return rate (yield) for this period is closest to: a. -8.13%. b. -8.80%. C. 0.75%. d. 0.70%.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
4
Transcribed Image Text:Consider the following price and dividend data for General Electric Company:
Date
Price ($) Dividend ($)
December 31, 2008
$14.64
January 26, 2009
April 28, 2009
July 29, 2009
$13.35
$0.10
$0.10
$0.10
$9.14
$10.74
October 28, 2009
$8.02
$0.10
December 30, 2009
$7.72
that you purchased General Electric Company stock at
the closing price on December 31 , 2008 and sold it after
the dividend had been paid at the closing price on
January 26, 2009. Your total return rate (yield) for this
period is closest to:
a. -8.13%.
b. -8.80%.
C. 0.75%.
d. 0.70%.
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