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Author Question: On January 1, Year 1 you bought 100 shares of Universal Exports Inc. It is now January 1 of Year 2. ... (Read 85 times)

bclement10

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On January 1, Year 1 you bought 100 shares of Universal Exports Inc. It is now January 1 of Year 2. You have recorded stock price and dividend information for Universal in the table, below. You want to calculate your return on the investment. After digging through your records you realize that Universal executed a 3-for-1 stock split late in Year 1. Use this information to adjust the data in the table and calculate the split-adjusted annual return on the investment in Universal shares.

Selected Financial Data
Universal Exports Inc.
PriceDividend
Jan 1, Year 1$12
Jan 1, Year 2$80.40

◦ -30%
◦ 100%
◦ 103%
◦ 110%
◦ 200%


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Marked as best answer by bclement10 on Apr 25, 2021

kthug

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bclement10

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Reply 2 on: Apr 25, 2021
YES! Correct, THANKS for helping me on my review


bbburns21

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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