Stock Values
Presented Below Is an Excerpt from the Stock

question 126

Essay

Stock values
Presented below is an excerpt from the stock 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 shares of Russell Corporation stock were sold on this day?
(b) If you had purchased 10 shares of Russell Corporation stock at the lowest price of the day, what would be the total price that you would have paid for the stock?
(c) What was the closing price of Russell Corporation Stock 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 stock?
$\begin{array}{|l|c|c|c|c|c|c|c|c|}\hline & & \text { Yld } & & \text { Vol } & & & & \text { Net } \\\hline & \text { Div } & \% & \text { PE } & 100 \mathrm{~s} & \mathrm{Hi} & \text { Lo } & \text { Close } & \text { Chg } \\\hline \text { Rus } & 1.55 & 2.4 & 20 & 1640 & 221 / 4 & 18 & 18 & -41 / 4 \\\hline\end{array}$

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Definitions:

Marine Fish Populations

The total numbers of fish living in the ocean, which can vary by species and are affected by environmental factors.

Optimum Sustained Yield

The maximum level at which a natural resource can be routinely used without long-term depletion.

Maximum Sustained Yield

The largest quantity of a natural resource, such as fish or timber, that can be harvested sustainably over an indefinite period without causing a population decline.

Prairie Pothole Region

A geographic area in North America characterized by thousands of shallow wetlands, vital for waterfowl nesting.