Homework Answers
(a) Closing Price for GATX = $44.23
Number of shares = 20000/44.23 = 452
(b) Dividend per share = $1.60
Total Dividend = Number of shares * Dividend per share = 452*1.60 = $723.20
(c) P/E ratio = 8.90
Market Price of share = $44.23
=> P/E = Market Price / Earning per share
=> Earning Per share = Market Price of share / P/E ratio = 44.23/8.90 = $4.97
(d) Net Change in Price = 0.03
Hence, Yesterdays closing price = Current Price - Change in price = 44.23 - 0.03 = $44.20
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a. How many shares could you buy for
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number.)
b. What would be your annual dividend income
from those shares
c. What must General Dynamic's earning per share?
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