Consider the following price and dividend data for General Electric Company: VIT Date Price ($) Dividend ($) December 31, 2008 January 26, 2009 April 28, 2009 July 29, 2009 October 28, 2009 $14.64 $13.35 $0.10 $9.14 $0.10 $10.74 $0.10 $8.02 $0.10 December 30, 2009 $7.72 that you purchased General Electric Company stock at the closing price on December 31, 2008 and sold it after the dividend had been paid at the closing price on January 26, 2009. Your total return rate (yield) for this period is closest to: a. -8.13%. b. -8.80%. C. 0.75%. d. 0.70%.
Consider the following price and dividend data for General Electric Company: VIT Date Price ($) Dividend ($) December 31, 2008 January 26, 2009 April 28, 2009 July 29, 2009 October 28, 2009 $14.64 $13.35 $0.10 $9.14 $0.10 $10.74 $0.10 $8.02 $0.10 December 30, 2009 $7.72 that you purchased General Electric Company stock at the closing price on December 31, 2008 and sold it after the dividend had been paid at the closing price on January 26, 2009. Your total return rate (yield) for this period is closest to: a. -8.13%. b. -8.80%. C. 0.75%. d. 0.70%.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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Transcribed Image Text:Consider the following price and dividend data for General Electric Company:
Date
Price ($) Dividend ($)
December 31, 2008
$14.64
January 26, 2009
April 28, 2009
July 29, 2009
$13.35
$0.10
$0.10
$0.10
$9.14
$10.74
October 28, 2009
$8.02
$0.10
December 30, 2009
$7.72
that you purchased General Electric Company stock at
the closing price on December 31 , 2008 and sold it after
the dividend had been paid at the closing price on
January 26, 2009. Your total return rate (yield) for this
period is closest to:
a. -8.13%.
b. -8.80%.
C. 0.75%.
d. 0.70%.
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