An investor earns dividends of $450 during the course of a year. At the end of the year, the stock is worth $10,700. If the capital-gains yield on the stock over the year is calculated at 8 percent the approximate worth of the stock at the beginning of the year was
A. $9,007.
B. $9,457.
C. $9,907.
D. $10,357.
Answer: C
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