20) In January, suppose that a share of stock in Meyer, Inc. had a price of $50 and that each share entitled its owner to
20) In January, suppose that a share of stock in Meyer, Inc. had a price of $50 and that each share entitled its owner to $2 of Meyer, Inc.'s profit. During the year, the price of a share of Meyer's stock rose to $100. The interest rate paid on the share in January was percent. A) 2 B) 0.02 C) 4 D) 25 Answer: C
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