Stock Values Presented Below Is an Excerpt from the Stock Listings of Listings

question 8

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?

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Definitions:

Non-strategic Investments

Investments not central to a company's business model or core mission, often made for diversification or income generation purposes rather than long-term strategic initiatives.

Investment in Associates

A financial interest held in another company that gives the investor significant influence, typically reflected by ownership of 20% to 50% of the voting stock.

Unrealized Gain

An increase in the value of an asset that has not been sold, hence the gain is not reflected in the financial statements as actual profit.

Equity Method

An accounting technique used by a company to record its investment in another company based on the profit or loss and changes in the investee's equity.