ollar Cost Averaging You have decided to invest $100 per month in the same stock for the next 3 months. January the stock was at $10 per share. February was a tough month and the stock was at $5.00 per share. March was a bit of a recovery and the stocks were purchased at $7.50 per share. a. What is the dollar gain/loss on your portfolio at the end of the quarter? b. What is the % gain/loss on your portfolio at the end of the quarter?
ollar Cost Averaging You have decided to invest $100 per month in the same stock for the next 3 months. January the stock was at $10 per share. February was a tough month and the stock was at $5.00 per share. March was a bit of a recovery and the stocks were purchased at $7.50 per share. a. What is the dollar gain/loss on your portfolio at the end of the quarter? b. What is the % gain/loss on your portfolio at the end of the quarter?
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
8th Edition
ISBN:9781285065137
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter8: Risk And Rates Of Return
Section: Chapter Questions
Problem 6DQ
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Dollar Cost Averaging | |||||||
You have decided to invest $100 per month in the same stock for the next 3 months. | |||||||
January the stock was at $10 per share. February was a tough month and the stock was at $5.00 per share. | |||||||
March was a bit of a recovery and the stocks were purchased at $7.50 per share. | |||||||
a. What is the dollar gain/loss on your portfolio at the end of the quarter? | |||||||
b. What is the % gain/loss on your portfolio at the end of the quarter? | |||||||
c. Based on this information, what is your annualized gain/loss for the year? | |||||||
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Follow-up Question
You purchased 100 shares of stock at $30 per share. You paid a 2% commission on the purchase. | ||||||||||
In 1 year you sold your shares for $35 per share and also paid a 2% commission on the sale. | ||||||||||
During the year the stock paid a $1.70 per share dividend. | ||||||||||
a. What is the current yield? | ||||||||||
b. What is the annual yield? | ||||||||||
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