1 eight months ago you purchased 1200 shares of stock for, Ask an Expert

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1. Eight months ago, you purchased 1,200 shares of stock for $42.20 a share. Today, you sold the shares for $44.40 a share. What is your total dollar return on this investment if you received a dividend of $0.80 a share?

2. Approximately how many years are needed to double a $100 investment when interest rates are 8.75 percent per year? (Round your answer to 2 decimal places.)

3. Stock A cost $30 today. Tomorrow it will cost $60 with probability 50% or $15 with probability 50%. Find the standard deviation of this stock’s daily return.

a. 0.25

b. 0.50

c. 0.75

d. 1.00

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92791615

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