What is your total dollar return on this investment

Assignment Help Financial Management

Reference no: EM131023180

Four months ago, you purchased 1,200 shares of LBM stock for $9.30 a share. Last month you received a dividend payment of $.065 a share. Today, you sold the shares for $8.62 a share. What is your total dollar return on this investment?

Reference no: EM131023180

Questions Cloud

What are two symbolic techniques to solve linear equation : What are two symbolic techniques used to solve linear equations? Which do you feel is better?

What is current share price-dividends are expected to grow : Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 24 percent for the next three years, with the growth rate falling off to a constant 6 percent thereafter. If the required return is 14 percent, and the company just paid a di..

Find the final amount when deposited : Find the final amount when $1500 is deposited at the end of each quarter at 7.4% compounded quarterly for 15 years then $1000 is deposited at the end of each quarter at 4.3% compounded quarterly for 10 years

What are the odds of it beings heads and tails : If I flip a coin 1,000,000 times, what are the odds of it beings heads AND tails 500,000 times?

What is your total dollar return on this investment : Four months ago, you purchased 1,200 shares of LBM stock for $9.30 a share. Last month you received a dividend payment of $.065 a share. Today, you sold the shares for $8.62 a share. What is your total dollar return on this investment?

What is the maximum initial cost of company : Och, Inc., is considering a project that will result in initial aftertax cash savings of $1.77 million at the end of the first year, and these savings will grow at a rate of 1 percent per year indefinitely.What is the maximum initial cost of company ..

Explore the relationship between humanity and the divine : Explore the relationship between humanity and the divine - Compare and contrast how one of these topics is developed in The Odyssey and Dantes Inferno.

How many ways to select a subset of eight candies : How many ways to select a subset of eight candies from three types of candies if at most two candies of the first type can be chosen?How many ways are there to pick a collection of exactly 10 balls from a pile of red balls, blue balls, and purple bal..

Are shareholders willing to finance the project : A firm is contemplating whether to invest in a new project. The project requires an investment of 1 unit and can be “good” or “bad.” If the project is good, it pays off 1.5 units. If it is bad, it pays of 0.5 units. The manager and shareholders are r..

User Account

All Pages