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The Buzz Tool Company issued 1,000 shares of common stock.

If the total value of this issue was $50,000.00, what is the par value of each share?

Is the Buzz stock selling above or below par?

If the Buzz Tool Company has just declared an annual dividend of $5.00 per share, what will the dividend be on 20 shares?

If the Buzz stock is quoted at 491⁄4, what is the market price?

Suppose you paid 411⁄8 for 72 shares of Buzz stock and sold them at 491⁄4. The total brokerage fee was 1⁄8 dollar per share and all other charges amounted to $32.52.
a. What was the amount of your profit?
b. What was the percent of profit, based on your investment?

State whether each of the following is primarily a savings (S), investment (I), or retirement (R) device by assigning the appropriate letter to each.
a. Corporation bonds
b. IRA
c. US Series EE bonds
d. Savings account
e. Common stock
f. Mutual funds
g. Credit union
h. Savings and loan association

Answer: 1. $50,000. divided by 1000 shares = $50. per share 2. The market price is 49 1/4, or $49.25 3 . It is selling par.(Par =$50,selling$49.25) 4. 20 shares * $5. = $100. 5. You sell one share for 49 1/4 and your cost is 41 1/8 +1/8 =41 1/4 Your profit is $8. * 72 =$576. - $32.52 = $543.48 Total investment is 72 * 41 1/8 = $2961. % of profit: 543.48/2961= x/100, so x = 18.354609%

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Prettigirlcrazi95 Prettigirlcrazi95 · Answer 2 · 2019-01-04T00:05:55+01:00

Answer:

1. $50,000.00 ÷ 1,000 = $50.00

2. Below par, because the par value is $50.00

3. $5.00 × 20 = $100.00

4. $49.25

5. Initial investment:

$41.125 × 75 = 2,961.00

Selling Price:

$49.25 × 72 = $3,546.00

Total brokerage fee:

$0.125 × 72 = $9.00

Total expenses:

$9.00 + $ 32.52 = $41.52

a. Profit: $3,546.00 - $41.52 - $2,961.00 = $543.48

b. Percent: $543.48 ÷ $2,961.00 = 0.1835, or 18.4%

6. a. I

b. R

c. S

d. S

e. I

f. I

g. S

h. S

Step-by-step explanation: