CP 13-4 Interpret stock exchange listing

The following stock exchange data for General Electric (GE) were taken from the Yahoo!

Finance Web site on April 29, 2010:

Gen Electric Co (NYSE: GE)

Last Trade:

19.49

Prev. Clos:

18.95

Trade Time:

4:00 PM EST

1y Target Est:

22.09

Change:

0.54

Day’s Range:

19.03–19.49

-2.85%

52wk Range:

10.50–19.69

Volume:

70,066,312

Div & Yield:

0.40 (2.40%)

a. If you owned 500 shares of GE, what amount would you receive as a quarterly dividend?

b. Compute the percentage increase in price from the Previous Close to the Last Trade. Round to two decimal places.

c. What is GE’s percentage change in market price from the 52-week low to the Previous Close on April 28, 2010? Round to one decimal place.

d. If you bought 500 shares of GE at the Last Trade price on April 29, 2010, how much would it cost, and who gets the money?