Ask Question
11 June, 00:50

Consider that you own the following position at the beginning of the year: 200 shares of US Bancorp at $29.89 per share, 300 shares of Micron Technology at $13.31 per share, and 250 shares of Hilton Hotels at $24.11 per share. During the year, US Bancorp and Hilton Hotels both paid a dividend of $1.39 and $0.16, respectively. At the end of the year, the stock prices of US Bancorp, Micron, and Hilton Hotels were $36.19, $13.12, and $34.90, respectively. What are the dollar and percentage return of the stocks and the return of the portfolio

+1
Answers (1)
  1. 11 June, 03:43
    0
    Dollar return of US Bancorp = $7.69

    Explanation:

    A Dollar return of US Bancorp = $36.19 - $29.89 + $1.39 = $7.69

    Total Dollar return of US Bancorp = $7.69 * 200 = $1,538

    Percentage return of US Bancorp percentage return = ($7.69/$29.89) * 100 = 25.72%

    B Dollar loss of Hilton Hotels = $13.12 - $13.31 = - $0.19

    Total Dollar loss of Hilton Hotels = - $0.19 * 300 = - $57.00

    Percentage loss of Hilton Hotels = (-$0.19/$13.31) * 100 = 1.43%

    C Dollar return of Hilton Hotels = $34.90 - $24.11 + $0.16 = $10.95

    Total Dollar return of Hilton Hotels = $10.95 * 250 = $2,737.50

    Percentage return of Hilton Hotels = ($10.95/$24.11) * 100 = 45.42%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Consider that you own the following position at the beginning of the year: 200 shares of US Bancorp at $29.89 per share, 300 shares of ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers