Share values.
Presented below is an excerpt from the share listings of a recent issue of the Wall Street Journal.
Answer the following questions based on the information about the Russell Corporation given above:
(a) How many Russell Corporation shares were sold on this day?
(b) If you had purchased 10 Russell Corporation shares at the lowest price of the day, what would be the total price that you would have paid for the shares?
(c) What was the closing price of Russell Corporation Share on the previous day?
(d) If the board of directors of Russell Corporation increased the amount of the annual dividends to $1.00 per share, what would be the amount of the yield percentage on the shares?
Correct Answer:
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(b) 1...
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