Question: Joel purchased 100 shares of stock for 20 per
Joel purchased 100 shares of stock for $ 20 per share. During the year, he received dividend checks amounting to $ 150. Joel recently sold the stock for $ 32 per share. What was Joel’s return on the stock?
Answer to relevant QuestionsMorris will start investing $ 1,500 a year in stocks. He feels he can average a 12% return. If he follows this plan, how much will he accumulate in 5 years? In 10 years? In 20 years? Joel is in a 25% tax bracket. What amount of taxes will he pay on his capital gain if he held the stock for less than a year? Compare the returns from investing in bank CDs to the possible returns from stock over the next 12 years by filling in the following worksheet. Savings Accumulated over the Next 12 Years How do interest rates affect economic growth? Why do interest rates affect some stock prices more than others? Which federal agency influences interest rates? What are some advantages of using online brokerage services? Describe how an investor would set up and use an online brokerage account.
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