Question
Michelle recently purchased 125 shares of a company for $12500 ($100 per share). The company has been doing well. This year, she received a dividend
Michelle recently purchased 125 shares of a company for $12500 ($100 per share). The company has been doing well. This year, she received a dividend of $1250. Given the success of the company, her shares are now worth $160 each. What is Michelles per share basis in the company? Group of answer choices
$160.
$100.
$12500.
$1250.
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Money Banking And Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
3rd Edition
007337590X, 9780073375908
