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ira [324]
1 year ago
11

You purchased Butterfly Wing Corp. stock exactly one year ago at a price of $77.66 per share. Over the past year, the stock paid

dividends of $2.92 per share. Today, you sold your stock and earned a total return of 15.84 percent. What was the price at which you sold the stock
Business
1 answer:
Ira Lisetskai [31]1 year ago
6 0

Answer:

The shares were  bought at a price of  $26.981

Explanation:

The price of the share be represented as "y "

Capital gain= ( y - 77.6)

Dividend = 2.92

Total return in dollar =  ( y - 77.6)+ 2.92

total return in %= 15.84%

Return (%) =   (( y -77.6)+ 2.92)/77.66= 15.84%

(( y -77.6)+ 2.92)/77.66= 0.1584

<em>cross multiplying</em>

(( y -77.6)+ 2.92)=77.66 × 0.1584

y -14.68 = 12.301344

<em>Collecting like terms</em>

y =26.98

The shares were  bought at a price of  $26.981

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ZanzabumX [31]

Answer:

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1 year ago
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1 year ago
Consider the economies of Kimberlei and Clarkistan, which are identical except that the multiplier in Kimberlei is smaller than
8090 [49]

Answer:

(a). Option 1 => less sensitive than.

(b). More.

(c). Reduced.

Explanation:

Ok, let us fill in the gap in the question above. Note that the capitalized words are the missing words in the question;

"Consider the economies of Kimberlei and Clarkistan, which are identical except that the multiplier in Kimberlei is smaller than that in Clarkistan.

This means that Kimberlei's GDP is LESS SENSITIVE THAN Clarkistan's GDP to fluctuations in the components of total spending."

There are three parts to this question and the first answer is LESS SENSITIVE THAN(option 1) because whem multiplier is less, change in GDP is less too.

Tye answer to the second part is MORE because when we have personal income tax, the disposable income decreases and spendings also decreases and this in turn causes MORE sensitivity to fluctuations in GDP(increase in MPS).

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1 year ago
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