Welcome to Westonci.ca, your ultimate destination for finding answers to a wide range of questions from experts. Explore a wealth of knowledge from professionals across various disciplines on our comprehensive Q&A platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.
Sagot :
Answer:
The right answer is:
(a) $30.78
(b) $360
(c) 2.339%
Step-by-step explanation:
The given values are:
At $36.30 per share,
Purchased = 300 shares
At $22.50 per share,
Purchased = 200 shares
Per share dividend,
= $0.72
Now,
(a)
The average price per share will be:
= [tex]\frac{(300\times 36.30)+(200\times 22.50)}{300+200}[/tex]
= [tex]\frac{10,890+4,500}{500}[/tex]
= [tex]\frac{15,390}{500}[/tex]
= [tex]30.78[/tex] ($)
(b)
The annual dividend will be:
= [tex]0.72\times Number \ of \ shares[/tex]
= [tex]0.72\times 500[/tex]
= [tex]360[/tex] ($)
(c)
The average annual yield will be:
= [tex]\frac{Dividend \ per \ share}{Average \ cost}\times 100[/tex]
= [tex]\frac{0.72}{30.78}\times 100[/tex]
= [tex]2.339[/tex]%
Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.