You Purchased a Share of Stock for $12

question 84

Multiple Choice

You purchased a share of stock for $12. One year later, you received $0.50 as a dividend and sold the share for $13.25. What was your holding-period return?

• A) 9.75%
• B) 10.65%
• C) 11.75%
• D) 14.58%
• E) None of the options are correct.

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Definitions:

Adaptation

The process of adjusting or modifying something or someone to make it suitable for a new use or purpose.

Timing

The selection of the most opportune moment to initiate or execute an action, which can greatly affect the success or failure of an endeavor.

Mineral Rights

The legal rights to explore for and produce the minerals underneath a piece of land.

Easement

A right granted to a person or entity to use the land of another for a specific purpose, such as access to another property.