Rx Corp Stock Was $60

question 51

Multiple Choice

Rx Corp. stock was $60.00 per share at the end of last year. Since then, it paid a $1.00 per share dividend last year. The stock price is currently $62.50. If you owned 400 shares of Rx, what was your percent return?

• A) 1.67 percent
• B) 4.17 percent
• C) 5.60 percent
• D) 5.83 percent

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Definitions:

Exchange Rates

The price of one country's currency expressed in another country's currency.

Equilibrium

A condition or state where supply equals demand, resulting in a stable market environment.

Currency Selection Return

The return attributed to the choice of currency in which investments are denominated.

EAFE

An abbreviation for Europe, Australasia, and Far East, representing a stock market index that gauges the equity market performance of developed markets outside of the U.S. and Canada.