The following trade quotes were observed during the trading…

The following trade quotes were observed during the trading day BID Ask   Time Price Size Price Size   10:00am $12.10 300 $12.16 400  1:00pm $12 300 $12.07 400  2:00pm $11.8 300 $11.88 400     Assume the following trades take place At 10:00 am the trader placed the order to sell 100 shares. The execution price was $12.11. At 1:00 pm the trader placed an order to sell 300 shares. The execution price was $12.00. At 2:00 pm the trader placed an order to sell 600 shares. The average execution price was $11.75The weighted average effective spread is

At the beginning of the fiscal year, Tel-Pal, Inc., stock se…

At the beginning of the fiscal year, Tel-Pal, Inc., stock sells for $75 per share. There are 2,000,000 shares outstanding. An analyst predicts that the annual dividend to be paid in one year will be $3 per share. The expected inflation rate is 3.5%. The firm plans to issue 40,000 new shares over the year. The price-to-earnings ratio is expected to stay the same, and nominal earnings will increase by 6.8%. Based upon these figures, what is the expected return on a share of Tel-Pal, Inc., stock in the next year?