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23 Cards in this Set
- Front
- Back
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Enid, Eve, and Tammy have formed a partnership. The total investment was $400,000.Enid owns 35.4% and Eve owns 28.8% of the partnership. How much did Tammy invest? |
$143,200 |
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Susan sold her Bank of America (BAC) shares as indicated in the ticker below: BAC .65K@15.28^1.11 How many shares did she sell? |
650 |
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Susan sold her Bank of America (BAC) shares as indicated in the ticker below: BAC .65K@15.28^1.11 What was the total value of the sale? |
$9,932 |
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Susan sold her Bank of America (BAC) shares as indicated in the ticker below: BAC .65K@15.28^1.11 Suppose the next sale if 34,000 shares at a price that is $2.31 higher than the last transaction. What does the ticker look like? |
BAC 34K@17.59^3.42 |
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For their 16th birthday, Liz gave her twin daughters Adiana and Marina 3,500 shares of IBM (IBM) to be split evenly between them. Ten years later, on September 13, Adiana sold all of her shares at a price of $127.91. The closing price of IBM on September 12 was $126.13. Howdid this trade appear on the stock ticker? |
IBM 1.75K@127.91^1.78 |
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Five years ago, Julianne purchased stock for $9,433. Yesterday, she sold the stock for $10,219.What was her gross capital gain? s |
$786 |
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Ashley bought $1,200 worth of stock in a home improvement store. She does not knowwhat she will sell it for, so let x represent the selling price of all the shares. Express thepercent value of Ashley’s capital gain algebraically. |
((x - 1200)(100))/1200 |
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Maria purchased 1,000 shares of stock for $65.50 per share in 2003. She sold them in 2010 for$55.10 per share. Express her loss as a percent of the purchase price, rounded to the nearesttenth of a percent. |
-15.9% |
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Ted made x transactions last month using Trades-Are-Us online brokers, which chargesy dollars per trade. Each transaction was a sale of stock. The total value of all the shares Tedsold was t dollars. The brokers sold the stock, took out their fees, and sent Ted a check for therest of the money he was owed. Express the value of the check Ted received from the broker algebraically. |
t - xy |
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Barbara purchased stock last year for $8,500 and paid a 1.25% broker fee. She sold itfor $7,324 and had to pay a 0.5% broker fee. Compute her net proceeds. |
-$1,318.87; her net proceeds were negative. |
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You bought 600 shares of stock for $41 per share, paid a 1% commission, andthen sold them six months later for $41.75 per share, with a $30 flat fee. 1) What was the cost of the stock? 2) What was the cost to sell the stock? 3) What are the net proceeds? |
1) $24,846 2) $25,020 3) $174 |
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Michelle Miranda Investing charges their customers a 1% commission. The Halloran Group,a discount broker, charges $13.75 per trade. For what amount of stock would Mirandacharge double the commission of Halloran? |
$2,750 |
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Sal bought x shares of a stock that sold for $31.50 per share. He paid a 1% commission onthe sale. The total cost of his investment, including the broker fee, was $5,726.70. How manyshares did he purchase? |
180 |
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Patterson’s Appliances was considering a 3-for-2 split. 1) If the pre-split market cap was$634,000,000, what would the post split market cap be? 2) If the pre-split market price per share was $125, what is the number of post-split shares? |
1) $634 million - there is no change in market cap 2) 634,000,000/125=50,720,000 pre-split shares. Post-split shares = 50,720,000(3/2)= 76,080,000 shares |
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Yesterday, Tenser Inc. executed a 2-for-1 split. Jamie was holding 500 shares of the stockbefore the split and each was worth $34.12. 1) How many shares did she hold post-split? 2) What was the post-split price per share? |
1) 1000 2) $17.06 |
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On May 30, Universe Inc. announced a 5-for-2 stock split. Before the split, the corporationhad 340 million shares outstanding with a market value of $73.25 per share. 1) How many shares were outstanding after the split? 2) What was the post-split price per share? |
1) 850,000,000 2) $29.30 |
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Adrianna owns 1,000 shares of a corporation that pays an annual dividend of $2.17 pershare. How much should she expect to receive on a quarterly dividend check? |
$542.50 |
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Mr. Fierro owns x shares of stock. The annual dividend per share is q dollars. Express Mr. Fierro’squarterly dividend amount algebraically. |
(xq)/4 |
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The Black Oyster Corporation is going out of business. All of the corporate assets are being sold. The money raised will be split by the stockholders. Which stockholders, common or preferred, will receive their money first? |
preferred |
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The Reverg Corporation pays an annual dividend of $1.60 per share. On Friday it closed at $44 per share with a net change of +0.35. The dividend did not change. 1) What was the yield on Friday? 2) What was the close on Thursday? 3) If you owned 200 shares what was your quarterly dividend check? |
1) 3.6% 2) $43.65 3) $80 |
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A stock’s dividend is not changing, yet its yield has fallen over the past five consecutive days.What has happened to the price of the stock over those last five days? |
The stock price has increased. |
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On December 14, XTO Energy, Inc. executed a 5-for-4 split. At that time Bill owned 325 shares of that stock. The price per share was $65.80. 1) How many shares did he have post-split? 2) What was the post-split share price? 3) After the split he received a check for a fractional part of a share.What was the amount of that check? |
1) 5/4(325) = 406 shares 2) $68.40(4/5) = $52.64 3) (.25)($52.64) = $13.16 |
