question archive Find the cost for the stock purchase
Find the cost for the stock purchase
Subject:FinancePrice:2.86 Bought3
Find the cost for the stock purchase. Ignore any broker's fee and assume that the purchase was at the close price for the day. Then find the annual dividend that would have been paid for the year on that number of shares 448 shares of Coleman (CLN) ΣΕ 52-W Name Tid Vol Y PE Week's DIV High Low Sym 100 Last Chg Amt 39.5 31 Coleman CLN 265...25 38.5 +0.5 A) Cost $ 17,24800, dividend $0 B) Cost $ 17,024.00, dividend $0 C) Cost $ 17,248.00, dividend $ 224.00 D) Cost $ 17,024.00, dividend $ 224.00
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CLOSING PRICE =Last price =$38.50
Yield =0
Dividend Amount=0
Number of shares purchased=448
Cost for the stock purchase=$38.50*448=
| $17,248.00 |
ANSWER:
A)Cost $17,248.00, dividend $0
