HomeworkLib
Question

One year ago, you bought a share for $5.18. Unfortunately, the share did not pay you any dividends during that year. The shar
You think that your chance of getting a well-paid job in an investment Bank is a percent. you get the job you will have a sta
business   finance   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Return = (today's price - one year ago's price)/one year ago's price

= (10.16 - 5.18)/5.18

= 96.14%

Expected salary = probability of getting investment banking job * investment banking salary + probability of working on food outlet * food outlet salary

= .21 * 77000 + .79*40000

= 47,770

Correct answer is option a.

0 0
Add a comment
Know the answer?
Add Answer to:
One year ago, you bought a share for $5.18. Unfortunately, the share did not pay you any dividends during that yea...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • 1) Jill purchased a share one year ago for $8.27, and it is now worth $14.48....

    1) Jill purchased a share one year ago for $8.27, and it is now worth $14.48. The share paid a dividend of $1.20 during the year. What was the share's rate of return from capital appreciation during the year? (as a percentage to the nearest two decimal points. don't use % sign. eg 2.881% is 2.88) 2) You think that your chance of getting a well-paid job in an investment bank is about 5 per cent. If you get the...

  • One year ago, you bought a share for $6.80. Unfortunately, the share did not pay you...

    One year ago, you bought a share for $6.80. Unfortunately, the share did not pay you any dividends during that year. The share price is now $13.58. What is the return you received on this share? (as a percentage to the nearest two decimal points. don't use % sign. eg 2.881% is 2.88) Answer:

  • One year ago, you bought a share for $9.90. Unfortunately, the share did not pay you...

    One year ago, you bought a share for $9.90. Unfortunately, the share did not pay you any dividends during that year. The share price is now $9.09. What is the return you received on this share? (as a percentage to the nearest two decimal points. don’t use % sign. eg 2.881% is 2.88)

  • One year ago, you bought a share for $6.95. Unfortunately, the share did not pay you...

    One year ago, you bought a share for $6.95. Unfortunately, the share did not pay you any dividends during that year. The share price is now $11.83. What is the return you received on this share? (as a percentage to the nearest two decimal points. don’t use % sign. eg 2.881% is 2.88)

  • You think that your chance of getting a well-paid job in an investment bank is about...

    You think that your chance of getting a well-paid job in an investment bank is about 7 percent. If you get the job you will have a starting salary of $79,000 per year. However, if you don't make the cut then you will work at a fast-food outlet for $40,000 per year. What is your expected starting salary? (to the nearest dollar) Select one: a. $42730 b. $76270 c. $79000 d. $40000

  • You think that your chance of getting a well-paid job in an investment bank is about...

    You think that your chance of getting a well-paid job in an investment bank is about 10 per cent. If you get the job you will have a starting salary of $83,000 per year. However, if you don't make the cut then you will work at a fast food outlet for $40,000 per year. What is your expected starting salary? (to the nearest dollar)

  • You have chosen a finance major because you would like to be an investment banker. You think that your chance of getting...

    You have chosen a finance major because you would like to be an investment banker. You think that your chance of getting a well-paid job in an investment bank is about 20 per cent. If you get the job you will have a starting salary of $300,000 per year. However, if you don't make the cut then you will work at a fast food outlet for $40,000 per year. What is the standard deviation of your expected starting salary?

  • Which of the following describes the relationship between risk and expected return: Select one: A. Inversely...

    Which of the following describes the relationship between risk and expected return: Select one: A. Inversely related B. Negatively related C. Positively related D. Unrelated You have chosen a finance major because you would like to be an investment banker. You think that your chance of getting a well-paid job in an investment bank is about 20 per cent. If you get the job you will have a starting salary of $300.000 per year. However, if you don't make the...

  • You bought a stock one year ago for $51.18 per share and sold it today for...

    You bought a stock one year ago for $51.18 per share and sold it today for $57.55 per share. It paid a $1.92 per share dividend today. What was your realized​ return?

  • Jill purchased a share one year ago for $13.19. The share is now worth $14.81, and...

    Jill purchased a share one year ago for $13.19. The share is now worth $14.81, and the total return to Jill for owning the share was 23.6 per cent. The dollar amount of dividends that she received for owning the share during the year is (expressed in dollars to the nearest cent; don't use $sign or commas eg 50 cents is 0.50)

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT