Consider the following price and dividend data for Quicksilver Inc.: Price ($) Dividend ($) Date December 31, 2004 $15.06 January 26, 2005 $ 16.18 $ 0.09 April 28, 2005 $ 14.77 $ 0.09 July 29, 2005 $ 14.28 $ 0.09 October 28, 2005 $ 17.57 $ 0.09 December 30, 2005 $ 18.11 Assume that you purchased Quicksilver's stock at the closing price on December 31, 2004, and sold it at the closing price on December 30, 2005. Your realized annual return for the year 2005 is closest to

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

Please provide answer

Consider the following price and dividend data for Quicksilver Inc.:
Price ($) Dividend ($)
Date
December 31, 2004
$15.06
January 26, 2005
$ 16.18
$ 0.09
April 28, 2005
$ 14.77
$ 0.09
July 29, 2005
$ 14.28
$ 0.09
October 28, 2005
$ 17.57
$ 0.09
December 30, 2005
$ 18.11
Assume that you purchased Quicksilver's stock at the closing price on
December 31, 2004, and sold it at the closing price on December 30,
2005.
Your realized annual return for the year 2005 is closest to
Transcribed Image Text:Consider the following price and dividend data for Quicksilver Inc.: Price ($) Dividend ($) Date December 31, 2004 $15.06 January 26, 2005 $ 16.18 $ 0.09 April 28, 2005 $ 14.77 $ 0.09 July 29, 2005 $ 14.28 $ 0.09 October 28, 2005 $ 17.57 $ 0.09 December 30, 2005 $ 18.11 Assume that you purchased Quicksilver's stock at the closing price on December 31, 2004, and sold it at the closing price on December 30, 2005. Your realized annual return for the year 2005 is closest to
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education