math investments

I am unsure how to figure out this question please explian

Mr Jones bought 1,8000 shares of Hampstead Mutual Fund at an offer price of $3 per share He later sold the shares at a net asset value of $4.60 per share During this time Mr Smith owned the shares, Hampstead Mutual paid a dividend of $0.80 per share. how do I figure out Mr Smith's return on his investement I have to show all of my work

Thank you for any help :)

  1. 👍 0
  2. 👎 0
  3. 👁 30
asked by jameasen
  1. 1800 * $3 = $5400 -- amount he paid

    1800 * $4.6 = $8200 -- amount he sold it for

    1800 * $0.8 = $1440 -- dividends

    Adding the sale price to the dividends -- $8200 + 1440 = $9640

    Next -- subtract the amount he paid from the amount he made -- $9640 - $5400 = $4240

    4240/5400 = 0.785 = 78.5% = his return on his investment

    1. 👍 0
    2. 👎 0
    posted by Ms. Sue

Respond to this Question

First Name

Your Response

Similar Questions

  1. Math

    at the end of 1999 you bought shares in a company for 100 euro. During 2000 the shares increase in value by 10%. During the 2001 the shares decreased in value by 10%. how much were the shares at the end of 2001?

    asked by Jacob on March 18, 2016
  2. math

    Mr. Bobby bought 50 shares at $60, and 2 months later purchased 25 shares a $56.at what price should he purchase 25 additional shares in order to have an average price $58 per share?

    asked by bev on June 10, 2016
  3. math

    An investor bought 150 shares of an airline.She paid $60 per share for 50 shares $50 per share for 60 shares $75 per share for 40 shares what was her average price per share

    asked by dee on June 18, 2012
  4. College Algebra

    A rectangular garden is 20 ft longer than it is wide. Its area is 8000 ft{}^2. What are its dimensions? w(w+20) = 8000 w^2+20w = 8000 w^2+20w-8000 = 0 (w-80)(w+100) = 0 w-80 = 0 w=80 or w+100 = 0 w = -100 I think that x=80 makes

    asked by Anonymous on June 2, 2014
  5. Math interest rate

    Please explian how to figure out the the initial interest rate of the ARM ? Given th these facts thanks :) Ben bought a home with an adjustable-rate mortgage. The margin on the loan is 2.7% and the rate cap is 7.2% The current

    asked by Anonymous on November 14, 2007
  6. maths-urgently needed ,plse

    Atul invested Rs 75000 in buying Rs 200 shares of ABC Ltd paying a dividend of 20%. He bought them at a rate which gave him a yield of 16%. After a year he sold them at Rs 350 and invested the proceeds along with the dividend

    asked by anoynomous on May 4, 2013
  7. maths-urgently needed

    Atul invested Rs 75000 in buying Rs 200 shares of ABC Ltd paying a dividend of 20%. He bought them at a rate which gave him a yield of 16%. After a year he sold them at Rs 350 and invested the proceeds along with the dividend

    asked by anoynomous on May 4, 2013
  8. maths-urgently needed

    Rana bought 500 shares of HCL at a rate that yielded him 20 % return on a 24%, Rs 350 share. Later on , the company issued a bonus share for every 10 shares held. When the market price was Rs 480 he sold all the shares and

    asked by anoynomous on May 4, 2013
  9. maths-

    Rana bought 500 shares of HCL at a rate that yielded him 20 % return on a 24%, Rs 350 share. Later on , the company issued a bonus share for every 10 shares held. When the market price was Rs 480 he sold all the shares and

    asked by anoynomous on May 4, 2013
  10. maths-urgently needed

    Rana bought 500 shares of HCL at a rate that yielded him 20 % return on a 24%, Rs 350 share. Later on , the company issued a bonus share for every 10 shares held. When the market price was Rs 480 he sold all the shares and

    asked by anoynomous on May 5, 2013

More Similar Questions