(a) An investor purchased the share of Neptune Corp on 1 Jan 2017 and held the investment until 31 December 2021. Details of Neptune Corp's share price and dividend payout during the period of investment are as follows: Date Share Price 01 jan 2017 8.50 31 Dec 2017 8.80 31 Dec 2018 9.15 31 Dec 2019 9.22 31 Dec 2020 8.87 31 Dec 2021 9.12 Dividend 0.30 0.35 0.38 0.22 0.30
(a) An investor purchased the share of Neptune Corp on 1 Jan 2017 and held the investment until 31 December 2021. Details of Neptune Corp's share price and dividend payout during the period of investment are as follows: Date Share Price 01 jan 2017 8.50 31 Dec 2017 8.80 31 Dec 2018 9.15 31 Dec 2019 9.22 31 Dec 2020 8.87 31 Dec 2021 9.12 Dividend 0.30 0.35 0.38 0.22 0.30
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter15: Investments And Fair Value Accounting
Section: Chapter Questions
Problem 28E
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