1. One year ago Mike bought 100 ordinary shares of Dallas Company for $53 per share. He...
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1. One year ago Mike bought 100 ordinary shares of Dallas Company for $53 per share. He has just received an annual dividend of $1.45 per share and the shares are currently selling for $60 per share. Rounded to the nearest 10th of a per cent, what rate of return has Mike earned on the shares over the past year?
a. | 11.7 per cent | |
b. | 15.9 per cent | |
c. | 13.2 per cent | |
d. | 14.1 per cent |
2. $200 invested today and earning 8 per cent per annum compounded semi-annually will grow to what amount at the end of three years?
a. | $158.80 | |
b. | $253.06 | |
c. | $251.94 | |
d. | $380.75 |
3. The present value of $100 to be received 10 years from today, assuming an effective annual compound return of 9 per cent, is
a. | $42.24 | |
b. | $699.13 | |
c. | $75.64 | |
d. | $236.10 |
Related Book For
Modern Advanced Accounting In Canada
ISBN: 9781259066481
7th Edition
Authors: Hilton Murray, Herauf Darrell
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