Suppose You Bought One NAB Share for $28

question 17

Multiple Choice

Suppose you bought one NAB share for $28.38 on 1 July and then sold it for $27.57 on 1 August.On 25 July,you received a dividend of $1.47 on the share.What has been your rate of return over the holding period?

• A)2.4%
• B)8.0%
• C)8.3%
• D)2.3%

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Definitions:

Break-even Sales

The amount of revenue from sales at which a business neither makes a profit nor incurs a loss.

Fixed Expenses

Fixed expenses are costs that do not vary with the level of production or sales, providing stability to a company's budget, such as rent or insurance.

Operating Period

The time frame during which a company conducts its principal operations, typically one year for most financial reporting.

Break-even Sales

The amount of revenue needed to cover total costs, both fixed and variable, with no profit or loss.