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. 👍
  2. 👎
  3. 👁
  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. 👍
    2. 👎
    👤
    Ms. Sue

Respond to this Question

First Name

Your Response

Similar Questions

  1. Genetics

    Both Mrs. Smith and Mrs. Jones had babies the same day in the same hospital. Mrs. Smith took home a baby girl, whom she named Shirley. Mrs. Jones took home a baby girl, whom she named Jane. Mrs. Jones began to suspect, however,

  2. English

    select the correct form of the possessive for the bolded word(s). with MS.SMITH assistance, we learned to paddle a cone. *Ms Smith's Ms Smiths's Ms Smitheses' Ms Smiths After several HOURS worth of work, she finished the project.

  3. Calculus

    Find the area of the region bounded by the curves y = x^(-1/2), y = x^(–2), y = 1, and y = 3. a) (1/2)(3)^1/2 + (4/3) b) 2*(3)^1/2 - (8/3) c) (1/2)(3)^1/2 - (32/3) d) 2*(3)^1/2 - (32/3) e) (8/3) - 2*(3)^1/2 So one thing that is

  4. Calculus

    Farmer Jones, and his wife, Dr. Jones, decide to build a fence in their field, to keep the sheep safe. Since Dr. Jones is a mathematician, she suggests building fences described by y=4x^2 and x^2+10. Farmer Jones thinks this would

  1. 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

  2. biology

    Genetic question Both Mrs. Smith and Mrs. Jones had babies the same day in the same hospital. Mrs. Smith took home a baby girl, whom she named Shirley. Mrs. Jones took home a baby girl, whom she named Jane. Mrs. Jones began to

  3. VNS,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? The average age of a family of 6 members is 25

  4. Math

    How do I solve the following word problem : A satellite orbits Earth in a circular path with equation x squared + y squared = 1.44 times 10 to the power of 8. With distances measured in kilometers. Another satellite orbiting in

  1. Mathematics

    Brian bought 1,500 shares of stock at $58 per share. Six months later he sold the 1,500 shares at $75 per share. If the total stockbroker’s commission was $630, how much profit did he make on this transaction?

  2. SOCIAL STUDIES

    PLEASE EXPLIAN THIS QUESTION. DO ANY LINES OF LONGITUDE PASS THROUGH THE EQUATOR? IF YES? NAME THEM AND EXPLAIN WHY.

  3. 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?

  4. 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?

You can view more similar questions or ask a new question.