If a stock is purchased for $30 a share and pays $5 per share in dividends a year, what selling price at the end of the year would result in a return of 50%?
A) $60
B) $40
C) $35
D) $15
Answer: B
Explanation: B) [(x - 30) + 5]/30 = 0.5 or 50%
x = $40
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