Question
Part A: You purchased a stock for $35.00 a share and resold it one year later. Your total return for the year was 7.5 percent
Part A:
You purchased a stock for $35.00 a share and resold it one year later. Your total return for the year was 7.5 percent and the dividend yield was 1.4 percent. At what price did you resell the stock?
Multiple Choice
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$36.15
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$36.05
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$38.24
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$35.75
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$37.14
Part B:
A single common stock share was purchased for $50.00 at the beginning of the year. The end of year stock price was $49.35. What was the amount of the annual dividend if the total return for the year was 2.3 percent?
Multiple Choice
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$2.20 per share
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$1.60 per share
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$1.80 per share
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$1.40 per share
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$1.25 per share
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