Problem 8-23 Using Stock Quotes [LO4] You have found the following stock quote for RJW Enterprises, Incorporated, in the inancial pages of today's newspaper. 52-WEEK VOLUME NET
Problem 8-23 Using Stock Quotes [LO4] You have found the following stock quote for RJW Enterprises, Incorporated, in the inancial pages of today's newspaper. 52-WEEK VOLUME NET
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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Vijay
![Problem 8-23 Using Stock Quotes [LO4]
You have found the following stock quote for RJW Enterprises, Incorporated, in the
financial pages of today's newspaper.
52-WEEK
HI
LO
51.79 31.49
STOCK (DIV)
RJW 1.45
YLD % PE
3.5 20
VOLUME
100s
10
a. Yesterday's closing price
b. Net income
NET
CLOSE CHANGE
??
-.43
a. What was the closing price for this stock that appeared in yesterday's paper? (Do not
round intermediate calculations and round your answer to 2 decimal places, e.g.,
32.16.)
b. If the company currently has 19 million shares of stock outstanding, what was net
income for the most recent four quarters? (Do not round intermediate calculations
and enter your answer in dollars, not millions of dollars, rounded to 2 decimal
places, e.g., 1,234,567.89.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F22ffa79b-ceff-447e-9f50-428838d9bb76%2Ff67dda8d-658d-486e-8639-a2bced21e349%2Fpb6v3rl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Problem 8-23 Using Stock Quotes [LO4]
You have found the following stock quote for RJW Enterprises, Incorporated, in the
financial pages of today's newspaper.
52-WEEK
HI
LO
51.79 31.49
STOCK (DIV)
RJW 1.45
YLD % PE
3.5 20
VOLUME
100s
10
a. Yesterday's closing price
b. Net income
NET
CLOSE CHANGE
??
-.43
a. What was the closing price for this stock that appeared in yesterday's paper? (Do not
round intermediate calculations and round your answer to 2 decimal places, e.g.,
32.16.)
b. If the company currently has 19 million shares of stock outstanding, what was net
income for the most recent four quarters? (Do not round intermediate calculations
and enter your answer in dollars, not millions of dollars, rounded to 2 decimal
places, e.g., 1,234,567.89.)
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