An investor earns dividends of $360.27 during the course of the year. At the end of the year, the stock is worth $10,700. If the dividend yield on the stock over the year was calculated at 4%, 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: A

Business

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