1 mary purchased 100 shares of sweet pea co stock at a, Ask an Expert

Finance

1. Mary purchased 100 shares of Sweet Pea Co. stock at a price of $42.85 six months ago. She sold all stocks today for $43.53. During that period the stock paid dividends of $1.02 per share. What is Mary’s effective annual rate?

2. Sales are expected to be a bit lower the first year (July through December, 2014), because only six months will be included in the first fiscal year. Sales are expected to grow significantly in the first full year, 2015, with growth leveling off in the third and fourth years. Sales are expected to be $275,000, $675,000, $800,000, and $900,000 in 2014, 2015, 2016, and 2017, respectively. Sales are expected to level off after 2017.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92663685

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