Question: Online Assignment for April M Hw 13 X C Chegg Study Guided Solut ezto.mheducation.com, hm.tpx Sur...Question: Online Assignment for April M Hw 13 X C Chegg Study Guided Solut ezto.mheducation.com, hm.tpx Sur...

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Show transcribed image text online Assignment for April M Hw 13 X C Chegg Study Guided Solut ezto.mheducation.com, hm.tpx Surface Question 2 (of 2.50 points Linda Clark received $200,000 from her mother's estate. She placed the funds into the hands of a broker, who purchased the following securities on Linda's behalf: a. Common stock was purchased at a cost of $100,000. The stock paid no dividends, but it was sold for $150,000 at the end of three years. b. Preferred stock was purchased at its par value of $52,000. The stock paid a 5% dividend (based on par value) each year for three years. At the end of three years, the stock was sold for $38,000. c. Bonds were purchased at a cost of $79,000. The bonds paid annual interest of $1,000. After three years, the bonds were sold for $84.000. The securities were all sold at the end of three years so that Linda would have funds available to open a new business venture. The broker stated that the investments had earned more than a 10% return, and he gave Linda the following computations to support his statement: Common stock: 50.000 Gain on sale ($150,000-$100,000) Preferred stock: 7,800 Dividends paid (5% x $52,000 x 3 years) Loss on sale ($38,000 $52,000) (14,000) Bonds: Interest paid ($1,000 x 3 years) 3.000 Gain on sale ($84,000 -$79.000) 5.000 Net gain on all investments 51.800 $51.800 3 years 8.6% $200,000 Type here to search A 4 4:05 PM 5/1/2017

online Assignment for April M Hw 13 X C Chegg Study Guided Solut ezto.mheducation.com, hm.tpx Surface Question 2 (of 2.50 points Linda Clark received $200,000 from her mother's estate. She placed the funds into the hands of a broker, who purchased the following securities on Linda's behalf: a. Common stock was purchased at a cost of $100,000. The stock paid no dividends, but it was sold for $150,000 at the end of three years. b. Preferred stock was purchased at its par value of $52,000. The stock paid a 5% dividend (based on par value) each year for three years. At the end of three years, the stock was sold for $38,000. c. Bonds were purchased at a cost of $79,000. The bonds paid annual interest of $1,000. After three years, the bonds were sold for $84.000. The securities were all sold at the end of three years so that Linda would have funds available to open a new business venture. The broker stated that the investments had earned more than a 10% return, and he gave Linda the following computations to support his statement: Common stock: 50.000 Gain on sale ($150,000-$100,000) Preferred stock: 7,800 Dividends paid (5% x $52,000 x 3 years) Loss on sale ($38,000 $52,000) (14,000) Bonds: Interest paid ($1,000 x 3 years) 3.000 Gain on sale ($84,000 -$79.000) 5.000 Net gain on all investments 51.800 $51.800 3 years 8.6% $200,000 Type here to search A 4 4:05 PM 5/1/2017

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