Bruce greene invested 10000 in the stock market and

Assignment Help Humanities

Reference no: EM13480714

Bruce Greene invested $10,000 in the stock market and purchased 500 shares of Heartland Development, Inc. Heartland paid cash dividends of $2.60 per share in 19X1 and 19X2; the dividend was raised to $3.10 per share in 19X3. On December 31, 19X3, Greene sold his holdings and generated proceeds of $13,000. Greene uses the net-present- value method and desires a 16% return on investments. a. Prepare a chronological list of the investment's cash flows.Greene is entitled to the 19X3 dividend. b. Compute the investment's net present value, rounding calculations to the nearest dollar. Given the results of part (b), should Greene have acquired the Heartland stock? Briefly explain

Reference no: EM13480714

Questions Cloud

1the common stock of wetmore industries is valued at 608 a : 1.the common stock of wetmore industries is valued at 60.8 a share. the company increases their dividend by 3.4 percent

Wat does the auditors reference to generally accepted : what does the auditors reference to generally accepted accounting principles imply for our analysis of financial

The city of bedford is studying a 600-acre site on route : the city of bedford is studying a 600-acre site on route 356 for a new landfill. the startup cost has been calculated

What is their earned income credit in the following : in 2013 amanda and jaxon stuart have a daughter who is one year old. the stuarts are full-time students and they are

Bruce greene invested 10000 in the stock market and : bruce greene invested 10000 in the stock market and purchased 500 shares of heartland development inc. heartland paid

Investigates data to render a professional opinion on : an auditor does not prepare financial statements but instead samples and investigates data to render a professional

Briefly describe the indirect method of preparing the : 1.what is a statement of cash flows? how does it differ from an income statement?2.what unique information does the

What will be the percentage of return on your investment if : 1. a stock sells for 10 a share. you purchase 100 shares for 1000 and after a year the prices rises to 17.50. what will

The financial statements of the hershey company appear in : the financial statements of the hershey company appear in appendix b following the financial statements for tootsie

User Account

All Pages