Determine your profit or loss from these transactions

Assignment Help Financial Management
Reference no: EM131360917

Last year you sold short 400 shares of stock selling at ?$73.96 per share. Six months later the stock had fallen to ?$32.33 per share. Over the? six-month period the company paid out two dividends of ?$2.06 per share. Your total commission cost for selling and buying the shares came to ?$149 . Determine your profit or loss from these transactions.

Reference no: EM131360917

Questions Cloud

Describe vertically integrated health system in your area : A 58-year-old man needs to have his blood tested on a regular basis so his physician can monitor the effects of the anticoagulant (blood thinner) medication he is currently taking. He usually has his blood drawn at his local lab in San Francisco, ..
Briarcrest condiments is spice-making firm : Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $1,618,338, have a life of five years, and would produce the cash flows shown in the following..
How your organization would benefit from the volunteers : How your organization would benefit from volunteers. Describe how volunteers fit into organization's structure. Take each of six elements of organization design and discuss how each would affect this structural approach.
How much hcl did you add to bring this ph : If you add 12.1 g of tris base to a solution,then add enough HCl to the solution so that the pH is 7.9.How much HCl did you add to bring this pH?
Determine your profit or loss from these transactions : Last year you sold short 400 shares of stock selling at ?$73.96 per share. Six months later the stock had fallen to ?$32.33 per share. Over the? six-month period the company paid out two dividends of ?$2.06 per share. Your total commission cost for s..
Research on accounting for nonfinancial assets : Accounting for nonfinancial assets will experience some major changes with the convergence to IFRS. One of the key issues will be that of fair value.
What must google net income be so that residual income : Currently analysts’ expect Google (Alphabet) to have Net income of $11.8B during the current fiscal year. At the start of the fiscal year Google had shareholders equity of $120B. Investors in Google’s shares have a 10% cost of capital. Using the Resi..
Population standard deviations : Assume that our tax assessor does not have the population standard deviations. Assume the assessor has a sample of data for 25 homes from neighborhood 1 and 25 homes from neighborhood 2.
Use his savings toward the down payment on house : Jeremy Denham plans to save $6,200 every year for the next eight years, starting today. At the end of eight years, Jeremy will turn 30 years old and plans to use his savings toward the down payment on a house. If his investment in a mutual fund will ..

Reviews

Write a Review

Financial Management Questions & Answers

  What must the coupon rate be on bonds

DMA Corporation has bonds on the market with 14.5 years to maturity, a YTM of 7.5 percent, and a current price of $1,061. The bonds make semiannual payments and have a par value of $1,000. What must the coupon rate be on these bonds?

  Municipal bonds attractive to certain groups of investors

What features make Municipal Bonds attractive to certain groups of investors? Explain why direct financing transactions are more costly and/or inconvenient than intermediated transactions? How do Finance Companies differ from banks and thrift institu..

  What is the after tax salvage value

Your firm needs a machine which costs $120,000, and requires $27,000 in maintenance for each year of its 7 year life. After 3 years, this machine will be replaced. The machine falls into the MACRS 7 year class life category. Assume a tax rate of 40% ..

  Specializes in buying deep discount bonds

Lance Whittingham IV specializes in buying deep discount bonds. $1,00 par value with semi annual interest payment, has 4% interest rates, 16 years to maturity. Current YTM is 10%. a)Current price of bond b)Percent increase of bond now to maturity C) ..

  Compute the net present value of the laser copier project

Compute the net present value of the laser copier project using the company's weighted cost of capital and the expected cash flows from the project.

  What amount should be used as the initial cash flow

Marshall's purchased a corner lot five years ago at a cost of $498,000 and then spent $63,500 on grading and drainage so the lot could be used for storing outdoor inventory. The lot was recently appraised at $610,000. The company now wants to build a..

  What return is this investment offering

A financial planning service offers a college savings program. The plan calls for you to make six annual payments of $15,500 each, with the first payment occurring today, your child’s 12th birthday. Beginning on your child’s 18th birthday, the plan w..

  An investor has two investments a and b

An investor has two investments A and B. The investor believes that investment A is equally likely to increase by $1,000 or to decrease by $1,000 by the end of the year.

  What were wallace total liabilities

At year-end 2015, Wallace Landscaping’s total assets were $1.2 million and its accounts payable were $325,000. Sales, which in 2015 were $2.5 million, are expected to increase by 15% in 2016. Total assets and accounts payable are proportional to sale..

  What is external financing needed-dividend payout ratio

The most recent financial statements for Xporter, Inc., are shown here: Income Statement Balance Sheet Sales $ 6,200 Current assets $ 2,900 Current liabilities $ 2,200 Costs 5,050 Fixed assets 9,300 Long-term debt 3,750 Taxable income $ 1,150 Equity ..

  Amortized over its useful life or over statuatory period

Which of the following items generally cannot be deducted or amortized over its useful life or over a statuatory period? Bill Thomas a sole proprietor incurred the following business expenses during the year. All are deductible except: Start up expen..

  Calculate the expected return and standard deviation

The stock of Bruin, Inc., has an expected return of 22 percent and a standard deviation of 35 percent. The stock of Wildcat Co. has an expected return of 14 percent and a standard deviation of 40 percent. The correlation between the two stocks is ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd