Jenny Reed Bought SSX Stock for $18 Per Share

question 61

Multiple Choice

Jenny Reed bought SSX stock for $18 per share. The annual dividend was $3.00 per share, and after 5 year(s) , SSX was selling for $44 per share. Find the simple interest rate of growth of her money to the nearest hundredth of a percent. Round your answer to two decimal places.

• A)4.56%
• B)28.89%
• C)18.64%
• D)45.56%
• E)85.56%

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Definitions:

Osteoporosis

A bone disease characterized by decreased bone mass and density, leading to an increased risk of fractures.

Metabolic Function

The biological processes that sustain an organism's life, including energy production, growth, and elimination of waste.

Wrinkling

The formation of ridges, folds, or creases in the skin, often as a result of aging or prolonged exposure to water.

Free Radicals

Unstable molecules that can cause damage to cells, leading to aging and diseases, including cancer.