On January 1, 2020, Simon Love's portfolio of 15 common stocks had a market value of $256,000. At the end of May 2020, Simon sold one of the stocks, which had a beginning-of-year value of $26,600, for $31,800. He did not reinvest those or any other funds in the portfolio during the year. He received total dividends from stocks in his portfolio of $11,700 during the year. On December 31, 2020, Simon's portfolio had a market value of $245,000. Find the HPR on Simon's portfolio during the year ended December 31, 2020. (Measure the amount of withdrawn funds at their beginning-of-year value.) Simon's portfolio HPR during the year ended December 31, 2020, is ... %. (Round to two decimal places.)

On January 1, 2020, Simon Love's portfolio of 15 common stocks had a market value of $256,000. At the end of May 2020, Simon sold one of the stocks, which had a beginning-of-year value of $26,600, for $31,800. He did not reinvest those or any other funds in the portfolio during the year. He received total dividends from stocks in his portfolio of $11,700 during the year. On December 31, 2020, Simon's portfolio had a market value of $245,000. Find the HPR on Simon's portfolio during the year ended December 31, 2020. (Measure the amount of withdrawn funds at their beginning-of-year value.) Simon's portfolio HPR during the year ended December 31, 2020, is ... %. (Round to two decimal places.)

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

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In 2010, Jeff received a nonqualified option to acquire 5,000 shares of his employer's stock at an exercise price of $15 per share. On that date, the stock traded at $15 per share. In 2012, Jeff exercised his option when the stock's price was $50 per share. In 2014, Jeff sold the stock for $120 per share. a) What is the amount and character (ordinary or capital gain) of income to Jeff in 2010, B) 2012? C) 2014?
On January 1, 2018, Chandler purchased 80% of the outstanding shares of Joey at a cost of $96,000. On that date, Joey had $60,000 accumulated profits and $60,000 outstanding shares. On the same date, Chandler sold an equipment (useful life of five years from date of sale) to Joey for $12,000. The book value of the equipment on that date was $14,400. For the year, Chandler had reported an income of $33,600 from its own operations and paid dividends of $18,000. Joey, on the other hand, reported $6,400 income and paid dividends of $3,600. Included in Chandler's income is the loss of $2,400 on the sale of equipment on January 1. All of the assets and liabilities of Joey have book values equal to their market value. Determine the Non-controlling interest in the net assets of Subsidiary on December 31, 2018.
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