The following problem refers to the stock table for ABC Inc. (a tire company) given below. Use the stock table to answer the following questions. Where necessary, round the dollar amounts to the nearest cent. 52-Week High Low Stock SYM Div Yld % PE Vol 100s Hi Lo Close Net Chg 73.62 47.30 ABC Inc. ABC 2.19 1.2 17 5915 57.59 55.48 56.36 +1.32 a. What were the high and low prices for a share for the past 52 weeks? b. If you owned 700 shares of this stock last year, what dividend did you receive? c. What is the annual return for the dividends alone? How does this compare to a bank offering a3% interest rate? ? % choose A or B A. The yield is lower, and investing in the bank account is always the best option in this case. B. The yield is lower, but there is still the potential to get a better return on the stock investment. d. How many shares of this company's stock were traded yesterday? e. What were the high and low prices for a share yesterday? high price: $ low price: $ f. What was the price at which a share traded when the stock exchange closed yesterday? g. What was the change in price for a share of stock from the market close two days ago toyesterday's market close? h. Compute the company's annual earnings per share using (Round the answer to the nearest cent.)

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter13: Corporations: Organization, Stock Transactions, And Dividends

Section: Chapter Questions

Problem 4CP

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The following problem refers to the stock table for ABC Inc. (a tire company) given below. Use the stock table to answer the following questions. Where necessary, round the dollar amounts to the nearest cent.

52-Week High	Low	Stock	SYM	Div	Yld %	PE	Vol 100s	Hi	Lo	Close	Net Chg
73.62	47.30	ABC Inc.	ABC	2.19	1.2	17	5915	57.59	55.48	56.36	+1.32

a. What were the high and low prices for a share for the past 52 weeks?

b. If you owned 700 shares of this stock last year, what dividend did you receive?

c. What is the annual return for the dividends alone? How does this compare to a bank offering a3% interest rate?

? %

choose A or B

The yield is lower, and investing in the bank account is always the best option in this case.

The yield is lower, but there is still the potential to get a better return on the stock investment.

d. How many shares of this company's stock were traded yesterday?

e. What were the high and low prices for a share yesterday?

high price: $

low price: $

f. What was the price at which a share traded when the stock exchange closed yesterday?

g. What was the change in price for a share of stock from the market close two days ago toyesterday's market close?

h. Compute the company's annual earnings per share using

(Round the answer to the nearest cent.)

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