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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 96
Solve the following application problem using 360-day years where applicable.
Jerry Walker purchased 100 shares of stock at $23.45 per share. The company had earnings of $1.56 and a yearly dividend of $.35. Find (a) the cost of the purchase ignoring commissions, __________ (b) the price-earnings ratio to the nearest whole number, __________ and (c) the dividend yield. __________ [11.4]
Jerry Walker purchased 100 shares of stock at $23.45 per share. The company had earnings of $1.56 and a yearly dividend of $.35. Find (a) the cost of the purchase ignoring commissions, __________ (b) the price-earnings ratio to the nearest whole number, __________ and (c) the dividend yield. __________ [11.4]
Explanation
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Since the price of the stock is per sh...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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