From November to December of 2015, the price per share of BPOil dropped from $95.75 to $76.75. Exxon shares also droppedfrom $97.75 to $76.25.In November, your rich cousin invested $20,585 into acombination of BP and Exxon shares. By December they soldtheir shares for $16,199.5 losing $4,385.5 from their investment.How many of each stock did they purchase?They purchased Number BP shares and Number Exxonshares.

If you have any problem let me know here in comment box for this thankyou for your question.

Answered: From November to December of 2015, the…

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter13: Corporations: Organization, Stock Transactions, And Dividends

Section: Chapter Questions

Problem 4CP

See similar textbooks

Similar questions

In the 3-month period November 1, 2014, through January 31, 2015, Hess Corp. (HES) stock decreased from $80 to $64 per share, and Exxon Mobil (XOM) stock decreased from $96 to $80 per share. If you invested a total of $23,680 in these stocks at the beginning of November and sold them for $19,360 3 months later, how many shares of each stock did you buy? Hess Corp. (HES) stock Exxon Mobil (XOM) stock shares shares Need Help? Read it Master It Submit Answer 25. [-12 Points] DETAILS MY NOTES WANEFM7 3.1.058. PRACTICE ANOTHER ASK YOUR TEACHER Purchasing Earl is ordering supplies. Yellow paper costs $4.00 per ream while white paper costs $7.50 per ream. He would like to order 100 reams total, and has a budget of $526. How many reams of each color should he order? yellow paper white paper Need Help? Read it Submit Answer reams reams 26. -/1 Points] DETAILS MY NOTES WANEFM7 3.1.027. ASK YOUR TEACHER PRACTICE ANOTHER Use technology to obtain approximate solutions graphically. All solutions…
Match Group went public in November 2018. The company sold 19,833,333 shares at $15.2 per share. The underwriting spread was $2.26 a share, and the direct expenses were $0.37 a share. a. What was the percentage underwriting spread? (Enter your answer as a percent rounded to 1 decimal place.) b. How much did the company raise after all expenses? (Enter your answer in dollars not millions. Round your answer to the nearest dollar.) c. On its first day of trading the stock closed at $19.54. Calculate the total dollar cost of underpricing. (Enter your answer in dollars not millions. Round your answer to the nearest dollar.)
On December 24, 2007, the common stock of Google Inc. was trading for $700.73. one year later the shares sold for only $298.02. Google has never paid a common stock dividend. What rate of return would you have earned on your investment had you purchased the shares on December 24, 2007?
Check Match Group went public in November 2018. The company sold 19,833,333 shares at $15.2 per share. The underwriting spread was $2.26 a share, and the direct expenses were $0.37 a share. a. What was the percentage underwriting spread? (Enter your answer as a percent rounded to 1 decimal place.) Underwriting spread percentage b. How much did the company raise after all expenses? (Enter your answer in dollars not millions. Round your answer to the nearest dollar.) Company raised C. On its first day of trading the stock closed at $19.54. Calculate the total dollar cost of underpricing. (Enter your answer in dollars not millions. Round your answer to the nearest dollar.) < Prev 4 of 8 Next search
AYZ Corp pays its cumulative preferred stockholders $2.10 [er share. XYZ has 10,000 shares of preferred and 65,000 shares of common. In the past three years, due to slowdowns in the economy, XYZ paid no dividends. Now this year, the board of directors decided to pay out $600,000 in dividends. How much of the $600,000 does each class of stock receive as dividends?
Last year, Luka Dončić paid $40.71 for shares of BioSteel. Afterward, he received a dividend of $1.47 per share. What is Luka Dončić’s dividend yield if, at the end of the year, BioSteel shares closed at $46.21? a. 3.61% b. 17.12% c. 13.51% d. 4.33% e. 3.97%
Facebook Inc. (now Meta Platforms Inc.) issued 421.2 million class A common shares for $38 per share, on average, in its IPO on 5/18/2012. The par value of the stock was $0.000006 per share. Assume Facebook kept exactly $16 billion of the proceeds from the issue, with the rest being spent on stock issue costs. Record Facebook's entry for the issue of the shares. NOTE: Round dollar amounts to the nearest thousands of dollars.
Hello, A company did not pay dividends in 2015 or 2016, even though 46,300 shares of its 8.4%, $90 par value cumulative preferred stock were outstanding during those years. The company has 294,000 shares of $2 par value common stock outstanding. Calculate the amount that would be received by an investor who has owned 260 shares of preferred stock and 300 shares of common stock since 2014 if a $.60 per share dividend on the common stock is paid at the end of 2017. (do not round intermediate calculations). Total dividends received = _______ Thank you.
When Rodeo went public in September 2016, the offer price was $22.00 per share and the closing price at the end of the first day was $23.80. The firm issued 5.2 million shares. What was the loss to the company due to underpricing? Loss to the company $
Togo Inc. has the following shares outstanding: 40,000, $ 0.80, no par value preferred shares $ 400,000 60,000 no par value common shares $ 600,000 All shares were sold for $ 10 each. No dividends have been declared since December 31, 2017. It is now December 31, 2020, and the board of directors wants to distribute $ 204,000 in dividends. Instructions Calculate how much the preferred and common shareholders will receive under each of the following assumptions: a) The preferred is noncumulative and non-participating. b) The preferred is cumulative and non-participating. c) The preferred is cumulative and fully participating. d) The preferred is cumulative and participating to 12% total.
Remington, Inc., has $800,000 of 4% preferred stock and $1,200,000 of common stock outstanding, each having a par value of $10 per share. No dividends have been paid or declared during 2017 and 2018. As of December 31, 2019, it is desired to distribute $270,000 in dividends. Can you please explain how much will the preferred and common stockholders receive under each of the following assumptions: (a) The preferred is noncumulative and nonparticipating. (b) The preferred is cumulative and nonparticipating.
Rachel’s Designs has 1,100 shares of 7%, $50 par value cumulative preferred stock issued at the beginning of 2016. All remaining shares are common stock. Due to cash flow difficulties, the company was not able to pay dividends in 2016 or 2017. The company plans to pay total dividends of $13,000 in 2018. How much of the $13,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders?

SEE MORE QUESTIONS

Recommended textbooks for you

Financial Accounting

Accounting

ISBN:

9781305088436

Author:

Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:

Cengage Learning

Principles of Accounting Volume 1

Accounting

ISBN:

9781947172685

Author:

OpenStax

Publisher:

OpenStax College

Financial Accounting

Accounting

ISBN:

9781305088436

Author:

Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:

Cengage Learning

Principles of Accounting Volume 1

Accounting

ISBN:

9781947172685

Author:

OpenStax

Publisher:

OpenStax College

SEE MORE TEXTBOOKS