Course: Securities & Investments

1. A stock was priced at $32 at the start of the year. The end of the year price of the stock was $32.84. What's the amount of the annual dividend if the total return for the year was 5.8 percent?

A. $.98 B. $.95 C. $1.01 D. $1.23

2. Todd has $54,000 cash in his margin account. His initial margin is 60% and the maintenance margin is 35%. What is the maximum number of shares he can purchase if the price per share is $25?

A. 1,296 B. 2,160 C. 3,600 D. 6,171