资源描述：
《投资1-5-大题答案.docx》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。
1、Chapter1：Calculation:1.Oneyearago,youpurchased100sharesofSouthernFoodscommonstockfor$42.20ashare.Today,yousoldyoursharesfor$39.70ashare.Duringthispastyear,thestockpaid$1.40individendspershare.Whatisyourdividendyieldonthisinvestment?dividendyield=Dt+1/Pt=$1.40/$42.
2、20=3.32percent2.Oneyearago,youpurchased400sharesofstockatacostof$8,650.Thestockpaidanannualdividendof$1.10pershare.Today,yousoldthosesharesfor$23.90each.Whatisthecapitalgainsyieldonthisinvestment?capitalgainsyield=(Pt+1-Pt)/Pt=[($23.90×400)-$8,650)]/$8,650=10.52pe
3、rcent3.Oneyearago,youpurchased300sharesofSouthernCottonat$32.60ashare.Duringthepastyear,youreceivedatotalof$280individends.Today,yousoldyoursharesfor$35.80ashare.Whatisyourtotalpercentagereturnonthisinvestment?totalpercentagereturn=dividendyield+capitalgainsyield=
4、Dt+1/Pt+(Pt+1-Pt)/Pt=[($280/300)+$35.80-$32.60]/$32.60=12.68percent4.Astocksoldfor$25atthebeginningoftheyear.Theendofyearstockpricewas$25.70.Whatistheamountoftheannualdividendifthetotalreturnfortheyearwas7.7percent? totalpercentagereturn=dividendyield+capitalgains
5、yield($25.70-$25+D)/$25=0.077;D=$1.235.Toddpurchased600sharesofstockatapriceof$68.20ashareandreceivedadividendof$1.42pershare.Aftersixmonths,heresoldthestockfor$71.30ashare.Whatwashistotaldollarreturn?Totaldollarreturn=dividendincome+capitalgain 600×($1.42+$71.30-
6、$68.20)=$2,712EssayQuestionsYouhavestudiedthehistoricalreturnsandrisksofvarioussecuritiesovertheperiodof1926-2012.Describethehistoricalreturnsandrisksassociatedwithbondsascomparedtostocksoverthattimeperiod. AnswerwillvaryFeedback:Studentsshouldexplainthatstockshav
7、eahigherstandarddeviation,ahigherriskpremium,andahigherexpectedrateofreturnthanbonds.Chapter2：Calculate1.TaylorIndustriesstockissellingfor$26ashare.Youwouldliketopurchaseasmanysharesofthisstockasyoucan.Yourmarginaccountcurrentlyhasavailablecashof$4,700andtheinitia
8、lmarginrequirementis60percent.Whatisthemaximumnumberofsharesyoucanbuy? Maximumpurchase=$4,700/.6=$7,833.33Maximumnumberofshares=$7,833.33/$26=301shares,
