Question
In: Math
During the first quarter of 2015, Toronto Dominion Bank (TD) stock cost $45 per share, was...
During the first quarter of 2015, Toronto Dominion Bank (TD) stock cost $45 per share, was expected to yield 4% per year in dividends, and had a risk index of 3.0 per share, while CNA Financial Corp. (CNA) stock cost $40 per share, was expected to yield 2.5% per year in dividends, and had a risk index of 2.0 per share.† You have up to $25,000 to invest in these stocks, and would like to earn at least $760 in dividends over the course of a year. (Assume the dividends to be unchanged for the year.) How many shares (to the nearest tenth of a unit) of each stock should you purchase to meet your requirements and minimize the total risk index for your portfolio?
Toronto Dominion Bank__________ shares
CNA Financial Corp.___________ shares
What is the minimum total risk index? (Round your answer to two decimal places.)
Solutions
milcah answered 1 year agoRelated Solutions
During the first quarter of 2015, Toronto Dominion Bank (TD) stock cost $45 per share, was...
During the first quarter of 2015, Toronto Dominion Bank (TD)
stock cost $45 per share, was expected to yield 4% per year in
dividends, and had a risk index of 3.0 per share, while CNA
Financial Corp. (CNA) stock cost $40 per share, was expected to
yield 2.5% per year in dividends, and had a risk index of 2.0 per
share.† You have up to $25,000 to invest in these stocks, and would
like to earn at least $796 in...
During the first quarter of 2015, Toronto Dominion Bank (TD) stock cost $45 per share, was...
During the first quarter of 2015, Toronto Dominion Bank (TD)
stock cost $45 per share, was expected to yield 4% per year in
dividends, and had a risk index of 3.0 per share, while CNA
Financial Corp. (CNA) stock cost $40 per share, was expected to
yield 2.5% per year in dividends, and had a risk index of 2.0 per
share.† You have up to $25,000 to invest in these stocks, and would
like to earn at least $778 in...
During the first quarter of 2015, Toronto Dominion Bank (TD) stock cost $45 per share, was...
During the first quarter of 2015, Toronto Dominion Bank (TD)
stock cost $45 per share, was expected to yield 4% per year in
dividends, and had a risk index of 3.0 per share, while CNA
Financial Corp. (CNA) stock cost $40 per share, was expected to
yield 2.5% per year in dividends, and had a risk index of 2.0 per
share.† You have up to $25,000 to invest in these stocks, and would
like to earn at least $796 in...
Royal Bank Dividend Per share per Quarter. $$ 2015: Q1 = 0.75 Q2 = 0.77 Q3...
Royal Bank Dividend Per share per Quarter. $$
2015: Q1 = 0.75 Q2 = 0.77 Q3 = 0.77 Q4 = 0.79
2016: Q1 = 0.79 Q2 = 0.81 Q3 = 0.81 Q4 = 0.83
2017: Q1 = 0.83 Q2 = 0.87 Q3 = 0.87 Q4 = 0.91
2018: Q1 = 0.91 Q2 = 0.94 Q3 = 0.94 Q4 = 0.98
2019: Q1 = 0.98 Q2 = 1.02 Q3 = 1.02 Q4 = 1.05
TD Bank Dividend Per share per Quarter....
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Jackson Corporation stock is selling for $45 per share. An investor is considering buying a call...
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