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A certain stock is priced at $60 and pays an annual dividend of $2 per share. An investor purchases the stock, using only personal funds
A certain stock is priced at $60 and pays an annual dividend of $2 per share. An investor purchases the stock, using only personal funds and not borrowing from the brokerage firm. If. after one year, the stock is sold at a price of $70.5 per share, the retum on the stock is (A) A) 14.17 percent B) 16.25percent C) 20.83 percent D) 10.5 percent Page 3 of 20
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