Finance 6

Sarah and James Hernandez purchased 200 shares of Cisco Systems stock at $19.40 a share. One year later, they sold the stock for $26.35 a share. They paid a broker a $38 commission when they purchased the stock and a $45 commission when they sold the stock. During the 12-month period the couple owned the stock, Cisco Systems paid no dividends.

Calculate the Hernandez’s total return for this investment.

Round your answer to the nearest whole number. Do not include the comma, period, and “$” sign in your response.

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Question 2 (2 points)

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Casper Energy Exploration reports that the corporation’s assets are valued at $185686000, its liabilities are $75083000, and it has issued 8801000 shares of stock.

What is the book value for a share of Casper stock?

Round your answer to 2 decimal places. Do not include the comma and “$” sign in your response.

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Question 3 (2 points)

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After researching Valero Energy common stock, Sandra Pearson is convinced the stock is overpriced. She contacts her account executive and arranges to sell short 330 shares of Valero Energy. At the time of the sale, a share of common stock has a value of $34. Three months later, Valero Energy is selling for $28 a share, and Sandra instructs her broker to cover her short transaction. Total commission to buy and sell the stock were $65.

What is her profit for this short transaction?

Round your answer to the nearest whole dollar. Do not include the comma, period, and “$” sign in your response.

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Question 4 (2 points)

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The Western Capital Growth mutual fund has

· Total assets $ 747661000

· Total liabilities $7683000

· Total number of shares 25564000

What is the fund’s net asset value (NAV)?

Round your answer to 2 decimal places. Do not include the comma and “$” sign in your response.

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Question 5 (2 points)

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Three years ago, James Matheson bought 380 shares of a mutual fund for $21 a share. During the three-year period, he received total income dividends of 0.40 per share. He also received total capital gain distributions of $1.65 per share. At the end of three years, he sold his shares for $30 a share.

What was his total return for this investment?

Round your answer to the nearest whole dollar amount. Do not include the comma, period, and “$” sign in your response.

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