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Module 7- Corporate Stocks / Corporate and Government Bonds For calculations in questions...

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Accounting

Module 7- Corporate Stocks / Corporate and Government Bonds
For calculations in questions 1 a through 2b, use $0.20 a share for commissions and $0.125 for the odd-
lot differential. Round all percents to the hundredths place value.
Joseph Allen purchased 3,000 shares of PepsiCo common stock at $85.90 and 150 shares of preferred
stock at $105.00.
1a.) What was the total cost of the purchase of common stock?
1b.) What was the total cost of the purchase of preferred stock?
Two months later, Joseph sold his 3,000 shares of PepsiCo stock at $87.00 and his 150 shares of
preferred stock at $83.00.
2a.) What were the proceeds of the sale of common stock?
2b.) What were the proceeds of the sale of preferred stock?
2c.) How much did Joseph gain or lose on the purchase and sale of all of his PepsiCo stock?
Find the amount of the dividend per share and the rate of yield per share for each of the following
preferred stocks. The cost per share includes all commissions.
Cost per share $42, dividend declared $3.10
3a.) Amount of dividend
3b.) Rate of yield
Cost per share $90, dividend declared $2.25
4a.) Amount of dividend
4b.) Rate of yield
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