You found the following stock quote for DRK Enterprises, Inc., at your favorite website. You also found that the stock paid an annualdividend of $.52, which resulted in a dividend yield of 1.20 percent.CompanyDRK EnterprisesDAILYYTD52 WEEKSymbolDRKVol18,649,130CloseChg%Chg%ChgHighLow%Chg??26.60%8.73%78.1925.9111.0%a. What was the closing price for this stock yesterday? (Do not round intermediate calculations. Round your answer to 2 decimalplaces.)Closing priceb. How many round lots of stock were traded? (Round your answer to the nearest whole round lot.)Traded lots

Question A. The current price is the most recent selling price of a stock, currency, commodity, or…

Answered: You found the following stock quote for…

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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Similar questions

Smith Enterprises Smith Enterprises recently conducted an IPO. In this, Smith received $14 per share from the underwriter, the offering price per share was $16 and the stock price rose to $19 on the first day of trading. Refer to Smith Enterprises. What is the first day return on an investment in the IPO? O 21.42% 15.79% 18.75% 12.56%
q6- You are using Bloomberg to look up financial information for Delta Ltd. You determine that the share price is currently $13.80 and that the value of dividends paid over the past year was $1.41. You paid $8.47 for the share exactly one year ago. What would you expect the dividend yield to be according to Bloomberg? a. 62.93% b. 10.22% c. 79.57% d. 16.65%
Seven months ago, you purchased 580 shares of Mitchum Trading for $70.53 per share. The stock pays a quarterly dividend of $.39 per share and is currently priced at $71.71. What is the total dividend income you received? y cloudy Multiple Choice O $226.20 O $684.40 $510.40 $568.40 $452.40 Search Jy 1:42 PM 8/8/2023
Listen You purchased stock in Magneto Vision for $13 per share on January 1, 2022. Over the next year you received $2.22 per share in dividends. On December 31,2022 Magneto Vision is selling for $12.50 per share. What has been your total gross return (in percent) over the one-year period? 13.23% 113.23% 1.13% 13.00%
One year ago, KJ Industries stock sold for $52 a share. Over the past year, the stock has returned 16.0 percent with half of that return coming from dividend income. What is the current price of this stock? Multiple Choice O о O $56.16 $47.84 $60.32 $43.68
What's the return on stockholders equity for these years?
Use the following stock table to find the most recent dividend. 52-WK Week's High Low Tick Vol. Sym 100s Name 16.88 8.78 Idno Tech ITX 32112 5.3 97 13.79 0.09 Yld P/E Last Chg. The most recent dividend for Idno Tech is Earnings Latest This Next Div Year Year Year Amt. 0.35 -0.62-0.01 0.09 ***
Optimus stock price started the year at $32.00 and ended the year at $38.00. It paid a dividend of $1.00 per share. What is its rate of return for the year? Maximum number of characters (including HTML tags added by text editor): 32,000 Show Rich-Text Editor (and character count)
J Pinkman Motors paid a dividend of $ 3.75 last year. If J Pinkmans return on equity is 24% and its retention rate is 25%, what is the value of the common stock if investors require a 20% rate of return? a. $ 38.39 b. $18.39 c. $82.39 d. $ 28.39
None
Please use the information below to answer the question: Number of shares 70 Short sale price.......... shorted........ margin....... dividends per share paid since short sale date.... 75% Current price..... -$150 Initial $200 Cumulative $22 Maintenance margin 30% Based on this information, what is your current margin? Less requirement........ than 25% Between 25% and 50% Between 50% and 75% More than 75%
Cost of common stock equity Ross Textiles wishes to measure its cost of common stock equity. The firm's stock is currently selling for $74.29.The firm just recently paid a dividend of $4.04.The firm has been increasing dividends regularly. Five years ago, the dividend was just $2.97. After underpricing and flotation costs, the firm expects to net $68.35 per share on a new issue. a. Determine average annual dividend growth rate over the past 5 years. Using that growth rate, what dividend would you expect the company to pay next year? b. Determine the net proceeds, N Subscript n, that the firm will actually receive. c. Using the constant-growth valuation model, determine the required return on the company's stock, rs, which should equal the cost of retained earnings, rr. d. Using the constant-growth valuation model, determine the cost of new common stock, rn.

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