Assume you found the following stock quote for DRK Enterprises, Inc., at your fa

Question

Assume you found the following stock quote for DRK Enterprises, Inc., at your favorite Web site. You also found that the stock paid an annual dividend of $.79, which resulted in a dividend yield of 1.10 percent.

          

What was the closing price for this stock yesterday? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

          

     

How many round lots of stock were traded yesterday? (Round your answer to the nearest whole round lot.)

     

rev: 03_05_2015_QC_CS-9732, 09_14_2015_QC_CS-24599

DAILY YTD   Company Symbol Vol Close Chg %Chg %Chg   DRK Enterprises DRK 18,649,130 ?? .26 0.36% 8.73%

Explanation / Answer

stock price=(0.79/1.1) *100=71.82

Round lots is the lots of 100 share

round lots= volume/100=18649130/100=186491

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.