Rita decided to invest the stock market and decided to Purchase 100 shares of stock for $20 per share. During the year, Rita received dividend cheques amount of $150. After 3 years, Rita sold the stock for $32 per share. Mak on the other hand wants to know the value of stock on a per share basis for a public company that has a market value of 500 million and number of share outstanding is 90000 (8 Marks): 

2. Can you explain what is Rita holding? (4 Marks)
4. What is the value of stock on a per share basis? (4 Marks)

Answer rating: 100% (QA)

Rita is holding 100 shares of stock that she purchased for 20 per sha... View the full answer