If you purchase 100 shares of XYZ Corporation for $50 per share, receive a dividend check for $200, and then sell the stock for $62 per share, what will your return on the stock be?
A) 4%
B) 424%
C) 24%
D) 28%
Answer: D
Explanation: D) Dividend rate = $200/100 shares = $2 per share; ($62 - $50 + $2)/$50 = 28%
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