Turn to Figure 2.9 and look at the listing for General Dynamics.

a. What was the fi rm’s closing price yesterday?

b. How many shares could you buy for $5,000?

c. What would be your annual dividend income from those shares?

d. What must be its earnings per share?

Transcribed Image Text:

FIGURE 2.9 Listing of stocks traded on the New York Stock Exchange Source: From The Wall Street Journal Online, January 9, 2007. Reprinted by permission of Dow Jones & Company, Inc. via Copyright Clearance Center, Inc. © 2007 Dow Jones & Company, Inc. All Rights Reserved Worldwide. NAME Gencorp Genentech General Cable General Dynamics General Electric SYMBOL Genuine Parts co. Genworth Financial Geo Group Inc Georgia Gulf Gerber Scientific Gerdau Ameristeel Gerdau S.A. Ads DNA ដ្ឋមរំម៏៖វីឌ៩ន៥៩ច្ច BGC GE General Gwth Prop General Maritime General Mills General Motors Genesco Inc Genesee & Wyoming GWR Genesis Lease GGP GMR GIS GPC GNW GEO GGC GRB GNA GGB CLOSE NET CHG 13.59 83.68 42.67 74.59 37.56 51.51 34.56 56.97 30.24 36.75 25.86 23.6 46.86 33.79 37.57 18.69 12.32 8.59 15.57 VOLUME 52 WK HIGH 52 WK LOW 12.02 75.58 20.3 -0.29 491,300 -0.35 3,986,300 -1.11 679,700 1,497,300 0.17 -0.19 26,907,700 -0.8 1,308,200 -0.83 -0.42 597,400 1,355,600 0.6 10,477,600 -0.9 127,900 -0.5 364,500 0.1 298,500 -0.51 384,400 -0.32 1,414,900 -1.53 157,500 -0.38 479,000 -0.07 243,200 -0.04 446,200 -0.56 1,729,100 20.75 94.46 45.41 77.98 38.49 56.14 40.64 59.23 36.56 43.72 36.75 24.4 48.34 36.47 40.3 34.65 16.8 11.02 18.16 DIV YIELD P/E YTD % CHG -3.1 3.1 -2.4 0.3 0.9 -1.4 19 25.5 www. ww 56.68 0.92 1.2 32.06 1.12 3 41.92 1.8 3.5 30.34 4.8 13.9 47.05 1.48 1 21 23 40 1.35 31 0.36 **** **** 3323 **** 2.6 3.3 2.9 1.1 14.69 18.36 0.32 1.7 ... 9 5.85 0.08 0.9 11.27 0.58 3.7 23 16 23 215 5 18 dd 15 9 32007 -1.8 -1.1 -1.6 -1.5 -1.4 0.4 -1.2 -1.2 0.1 -3.2 -1.9 -3.7 -2.7