Allied Motors ‘RATE OF RETURN Calculation’.Finance hw desperatly need help please? (TOP POINTS GIVEN)
December 17th, 2008 — 09:36 am
Ok here is the question:
Today, Allied Motors, reported they had surpassed their year to date earning expectations. The company CEO, Ebenezer McDuck said:
‘Over the last year, Allied Motors (AM) has produced fantastic returns for shareholders. Our share price has risen from $34.79 to $43.68. Perhaps this return will finally silence nay-sayers, who have continually criticised my remuneration. How can I be expected to skilfully navigate the company to sucess without my luxury yacht?’
AM paid one dividend of $1.41 this year.
Calculate the Rate of Retun (r) on AM over the last year as a percentage to 2 decimal places
r =……..%
* Would it be possible if someone in simple words could tell me what they mean by ‘one dividend of $1.41′ and also include a worked out answer.
Thanks to any helpers
america yacht sales
