What is turner total capital gain on investment

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Reference no: EM132020319

1. Eight months ago, Turner purchased 110 shares of Delta Frames stock at a price of $47 a share. Delta pays a quarterly dividend of $1.10 a share. Today, Turner sold all of his shares for $49 per share. What is Turner's total capital gain on this investment?

a. $180

b. $375

c. $220

d. $200

e. $155

2. Ernst's Electrical has a bond issue outstanding with ten years to maturity. These bonds have a $1,000 face value, a 5 percent coupon, and pay interest annually. The bonds are currently quoted at 110 percent of face value. What is Ernst's pre-tax cost of debt?

a. 3.78 percent

b. 4.40 percent

c. 4.53 percent

d. 3.33 percent

e. 3.47 percent

Reference no: EM132020319

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