Your percentage return on this investment over prior year

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Reference no: EM132025520

1. You bought a share of Innitech, Inc. stock for $93.00 at the beginning of the year. During the year the stock paid a $5.50 dividend and at the end of the year it trades at $89.50. What was your percentage return on this investment over the prior year?

9.00%

2.15%

8.06%

-3.76%

2. A firm currently has cash of $1,000 and other assets of $9,000. Equity is worth $10,000. The firm has 700 shares of stock outstanding and net income of $1,449. What will the new earnings per share be if the firm uses 25 percent of its cash to complete a stock repurchase? Assume there are no personal taxes and the firm is able to repurchase shares at the current market price.

2.12

1.91

2.55

1.27

Reference no: EM132025520

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