The following problem refers to the stock table for ABC Inc. (a tire company) given below. Use the stock table to answer the following questions. Where necessary, round the dollar amounts to the nearest cent. 52-Week High Low Stock SYM Div Yld % PE Vol 100s Hi Lo Close Net Chg 73.62 47.30 ABC Inc. ABC 2.19 1.2 17 5915 57.59 55.48 56.36 +1.32 a. What were the high and low prices for a share for the past 52 weeks? b. If you owned 700 shares of this stock last year, what dividend did you receive? c. What is the annual return for the dividends alone? How does this compare to a bank offering a3% interest rate? ? % choose A or B A. The yield is lower, and investing in the bank account is always the best option in this case. B. The yield is lower, but there is still the potential to get a better return on the stock investment. d. How many shares of this company's stock were traded yesterday? e. What were the high and low prices for a share yesterday? high price: $ low price: $ f. What was the price at which a share traded when the stock exchange closed yesterday? g. What was the change in price for a share of stock from the market close two days ago toyesterday's market close? h. Compute the company's annual earnings per share using (Round the answer to the nearest cent.)
The following problem refers to the stock table for ABC Inc. (a tire company) given below. Use the stock table to answer the following questions. Where necessary, round the dollar amounts to the nearest cent. 52-Week High Low Stock SYM Div Yld % PE Vol 100s Hi Lo Close Net Chg 73.62 47.30 ABC Inc. ABC 2.19 1.2 17 5915 57.59 55.48 56.36 +1.32 a. What were the high and low prices for a share for the past 52 weeks? b. If you owned 700 shares of this stock last year, what dividend did you receive? c. What is the annual return for the dividends alone? How does this compare to a bank offering a3% interest rate? ? % choose A or B A. The yield is lower, and investing in the bank account is always the best option in this case. B. The yield is lower, but there is still the potential to get a better return on the stock investment. d. How many shares of this company's stock were traded yesterday? e. What were the high and low prices for a share yesterday? high price: $ low price: $ f. What was the price at which a share traded when the stock exchange closed yesterday? g. What was the change in price for a share of stock from the market close two days ago toyesterday's market close? h. Compute the company's annual earnings per share using (Round the answer to the nearest cent.)
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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Question
The following problem refers to the stock table for ABC Inc. (a tire company) given below. Use the stock table to answer the following questions. Where necessary, round the dollar amounts to the nearest cent.
|
52-Week High
|
Low
|
Stock
|
SYM
|
Div
|
Yld
%
|
PE
|
Vol
100s
|
Hi
|
Lo
|
Close
|
Net
Chg
|
|
73.62
|
47.30
|
ABC Inc.
|
ABC
|
2.19
|
1.2
|
17
|
5915
|
57.59
|
55.48
|
56.36
|
+1.32
|
a. What were the high and low prices for a share for the past 52 weeks?
b. If you owned 700 shares of this stock last year, what dividend did you receive?
c. What is the annual return for the dividends alone? How does this compare to a bank offering a3% interest rate?
? %
choose A or B
A.
The yield is lower, and investing in the bank account is always the best option in this case.
B.
The yield is lower, but there is still the potential to get a better return on the stock investment.
d. How many shares of this company's stock were traded yesterday?
e. What were the high and low prices for a share yesterday?
high price: $
low price: $
f. What was the price at which a share traded when the stock exchange closed yesterday?
g. What was the change in price for a share of stock from the market close two days ago toyesterday's market close?
h. Compute the company's annual earnings per share using
(Round the answer to the nearest cent.)
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