On January 2, Michigan Mining declared a $25-per-share quarterly dividend payable on March 9th to stockholders of record on February 9. What is the latest date by which you could purchase the stock and still get the recently declared dividend?
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- Use the journal entry of George Weston Ltd's January 8, 2020, share issuance to answer these questions about the nature of the transaction 2020 Jan. 8 Cash Common Shares Capital To issue common shares at $50.00 per share (100.000 x $50 00) 5,000,000 5.000.000 1. If George Weston had sold the shares for $80, would the $30 (580-$50) be profit for George Weston? 2. Suppose the shares had been issued at different times and different prices. Will shares issued at higher prices have more nights than those issued at lower prices? Give the reason for your answer Requirement 1. If George Weston had sold the shares for $80, would the $30 ($80-$50) be profit for George Weston? The additional $30 per share would be allocated to It is and therefore, has !!! QuesCalculate the Capital Gain/Loss on 100 shares of the stock Price on September 13th: 211.35 Price on November 24th:207.52 Use the Price on Sep 13th as the purchase price and the Price on November 24th as the sale price. Capital Gain: _______________________________ Percent Return: ___________________________P12-2Dividend Payment Kathy Snow wishes to acquire shares in Countdown Computing, lnc. The company's board of directors declared a cash dividend of $ 0.80 to be paid to record holders on Wednesday, May 12.to. What is the last day that Kathy can buy the shares (trade date) and still receive the dividend?b. On what day does this share begin to trade "ex-dividend"?c. What change, if any, would you expect in the price per share when the shares began trading on the ex-dividend date?If Kathy held the stock for less than a quarter and then sold it for $ 39 per share, would she achieve a higher return on investment by 1) buying the stock before the ex-dividend date at $ 35 per share and collecting the dividend from $ 0.80, or 2) buy it on the ex-dividend date at $ 34.20 per share, but without receiving the dividend?
- Assume that you want to reindex with the index value at the beginning of the year equal to 100. What is the index level at the end of the year? (Round your answer to 2 decimal places.) Kirk, Inc. Picard Co. Shares Outstanding Index level 37,000 27,000 Price per Share Beginning of Year $ 52 77 End of Year $57 82Assume that you purchased General Electric Company stock at the closing price on January 26, 2021 at $14.34 and sold it at the closing price on July 29, 2021 at $12.50. Also, you received the divideds paid in April of $0.25 and July of $0.30. What is your dividend yield for this period? 4.23% 3.84% 4.16% 3.72% 3.95%XYZ stock price and dividend history are as follows: Dividend Paid at Year-End 5.5 Year 2010 2019 2020 2021 Beginning-of- Year Price An investor buys six shares of XYZ at the beginning of 2018, buys another three shares at the beginning of 2019, sells one share at the beginning of 2020, and sells all eight remaining shares at the beginning of 2021. $130 144 120 125 Required: a. What are the arithmetic and geometric average time-weighted rates of return for the investor? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Arithmetic Sime-weighted average retums Geometric time-weighted average returns Date 01/01/2018 01/01/2019 01/01/2020 01/01/2021 b-1. Prepare a chart of cash flows for the four dates corresponding to the turns of the year for January 1, 2018, to January 1, 2021. (Negative amounts should be indicated by a minus sign.) Fale of retur % % Cash Flow b-2. What is the dollar-weighted rate of return? (Hint: If your calculator cannot calculate…
- Problem 1. The stockholders' equity section of Kookie Co. revealed the following information on December 31, 2022. Preference stock, P50 par Share premium – preference Ordinary stock, P15 par Share premium – ordinary Subscribed ordinary stock Retained earnings 2,300,000 805,000 5,250,000 2,750,000 150,000 1,900,000 400,000 Subscriptions receivable – ordinary (collectible next month) Required: Answer the following questions with supporting computations: 1. How much is the legal capital? 2. How much is the total paid in capital? 3. What is the amount of the stockholders' equity on 12/31/2022? 4. How many preference shares were issued? 5. How many ordinary shares were subscribed?You buy a share on 1 January for $9.9 and sell it on 31 December for $9.6. During the year you receive $1.3 in dividends from the share. What is your dividend yield? a. 13.5417% b. 13.1313% c. -3.1250% d. 3.1250%XYZ stock price and dividend history are as follows: Dividend Paid at Year-End $5 Year 2018 2019 2020 2021 Beginning-of- Year Price $ 130 144 120 125 An investor buys six shares of XYZ at the beginning of 2018, buys another three shares at the beginning of 2019, sells one share at the beginning of 2020, and sells all eight remaining shares at the beginning of 2021. Required: a. What are the arithmetic and geometric average time-weighted rates of return for the investor? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Arithmetic time-weighted average returns Geometric time-weighted average returns 5 5 5 Date b-1. Prepare a chart of cash flows for the four dates corresponding to the turns of the year for January 1, 2018, to January 1, 2021. (Negative amounts should be indicated by a minus sign.) Cash Flow % %
- PLEASE FALLOW THE PICTURE FOR A BETTER UNDERSTANDING On March 15, Summit Hawk declares a quarterly cash dividend of $0.035 per share payable on April 13 to all stockholders of record on March 30. Required:Record Summit Hawk's declaration and payment of cash dividends for its 228 million shares. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (i.e. $5.5 million should be entered as 5,500,000).)Schaeffer Shippers announced on May 1 that it will pay a dividend of $5.00 per share on June 15. The firm's stock price is currently at $70 per share. Assume all investors are in the 33% tax bracket. Given that the ex-dividend date is May 29, what should happen to Schaefer's stock price on May 29? A. $70 B. $66.65 C. $65 D. $68 E. $63ASSUME that the one year returns for COMPANY A are still (25%, -15%, 120%, -30%, -45%}. Assume also that you acquired shares in COMPANY B, which has had annual returns over the same period, of: {27; 35%; -10%; 10%; -15%}. What is the correlation between the returns on COMPANY A and COMPANY B shares? Multiple Choice 0.567 - 0.356 0.278 - 0.204 Assume that you own a portfolio comprised of 45% COMPANY A and 55% COMPANY B. What return do you expect to earn next year on this portfolio? Multiple Choice 9.74% 13.58% 10.12% 15.25%