In January, Suppose That a Share of Stock in Meyer

question 230

Multiple Choice

In January, suppose that a share of stock in Meyer, Inc. had a price of $50 and that each share entitled its owner to $2 of Meyer, Inc.ʹs profit. During the year, the price of a share of Meyerʹs stock rose to $100. The interest rate paid on the share in January was percent.

• A) 0.02
• B) 2
• C) 25
• D) 4