Question

In: Finance

Consider the following information. Which of the following is correct? Check all that apply. Date: October...

Consider the following information. Which of the following is correct? Check all that apply.

Date: October 8, 2020. Name: Apple Computer. Symbol: AAPL. Close: 116, up $1. Day high: 117. Day low: 115. Volume: 133 million shares. 10-day average volume: 139.5 million shares. Market capitalization: $2 trillion. Dividend: 2.5%. PE: 35. Beta 1.3. YTD % change: 55%.

Check All That Apply

Annual dividends total $2.50.
Annual dividends total $2.50.
Earnings per share in the last four quarters was $3.31.
Earnings per share in the last four quarters was $3.31.
The dollar volume of shares traded October 8 was $15,428,000.
The dollar volume of shares traded October 8 was $15,428,000.
The stock price at the beginning of the year was $74.84. The stock price at the beginning of the year was $74.84.
The stock is more volatile than the general market.

Expert Solution

1. Annual dividend = Dividend (%)* par value

In order to calculate the annual dividend amount, we need to know the par value per share of the stock. Since, par value is not mentioned, we cannot calculate the dividend amount. Hence, this point is incorrect.

2. Closing price on Oct 8 = $116 per share

PE = 35

PE = Price per share/earnings per share = 35

Earnings per share = $116/35 = $3.31

Hence, this point is correct.

3. Dollar volume of shares traded = Price*volume = $116*133 million = $15,428 million

Hence, this point is incorrect.

4. YTD % change = 55%

YTD % change = (Price on oct 8 – price on Jan 1)/Price on Jan 1) = 55%

Solving the above equation,

Price on Jan 1 = 116/1.55 = $74.84

Hence, this point is correct.

5. Since beta of the stock is 1.3 (greater than 1), this implies that the price of this stock changes more than the change in market. Hence, it is more volatile than the market.

This point is correct.

jeff jeffy answered 2 years ago

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