Suppose the price of one share of a particular stock rose from $10.15 to $12.05 over the course of a year, and the stock paid a dividend of $1.00 per share during the same year. What was the total return on the share of stock?
A. 8.9 percent
B. 15.8 percent
C. 28.6 percent
D. 18.7 percent
Answer: C
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In the United States, the highest quintile of income earners contribute ________ of all federal tax dollars received, and the lowest quintile of income earners contribute ________ of all federal tax dollars received
A) 20%; 20% B) 68.8%; 0.4% C) 24%; 1.5% D) 29.4%; 11.5%
Monetary policy has no effect on the equilibrium interest rate if
A) the inflation rate is zero. B) the economy is in the liquidity trap. C) velocity is constant. D) the economy is at full employment.
Reserves in the banking system will increase if the Fed:
A. sells euro-dominated bonds and keeps the euros from the sale. B. sells euro-dominated bonds and exchanges the euros for dollars. C. sells euros or buys dollars. D. buys euros or sells dollars.
In the early 1900s tariffs accounted for ____________ of all federal government revenues, whereas today they account for less than ____________ percent
A) one-tenth; 4 B) half; 0.5 C) one-quarter; 5 D) half; 2