Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. kathy myers frequently purchases stocks and bonds,

Kathy Myers frequently purchases stocks and bonds, but she is uncertain how to determine the...

90.2K

Verified Solution

Question

Accounting

Kathy Myers frequently purchases stocks and bonds, but she is uncertain how to determine the rate of return that she is earning. For example, three years ago she paid $18,000 for 920 shares of Malti Companys common stock. She received a $718 cash dividend on the stock at the end of each year for three years. At the end of three years, she sold the stock for $21,000. Kathy would like to earn a return of at least 16% on all of her investments. She is not sure whether the Malti Company stock provided a 16% return and would like some help with the necessary computations.

Required:

1. Compute the net present value that Kathy earned on her investment in Malti Company stock using Excel.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

List and briefly describe the mechanisms for smooth muscle contraction in terms of altering (increasing) the...

Medical Sciences
Q

explain the passive conductance of an electrical signal across a neuronal membrane

Biology
Q

Which muscle is highlighted gluteus minimus piriformis quadratus femoris latissimus dorsi

Biology
Q

Match the following films to the descriptors Micheaux 1925 film starring singer and activist Paul...

Basic Math
Q

pictogram shows the favourite chocolate of a group of students The number who chose snickers...

Basic Math
Q

You may need to use the appropriate appendix table or technology to answer this question...

Statistics
Q

Solve the equation: log?(3x+5) = 1/2. Select all applicable answers.Select all that apply:-103No Solution

Algebra
Q

Because managerial accounting is much less rules based than financial accounting, there is plenty of...

Accounting
Q

Accounting
Q

DE Sylvan Motors, $960 MS $48 GST pagados por lubricante, aceite y cambios de filtro...

Accounting
Q

Intercontinental, Inc., provides you with the following data for its single product: Sales price per...

Accounting
Q

Andrea is a currency speculator who enjoys "betting" on changes in the foreign currency exchange...

Finance