Last Year Mike Bought 100 Shares of Dallas Corporation Common

question 141

Multiple Choice

Last year Mike bought 100 shares of Dallas Corporation common stock for $53 per share. Duringthe year he received dividends of $1.45 per share. The stock is currently selling for $60 per share.What rate of return did Mike earn over the year?

• A) 14.1 percent
• B) 13.2 percent
• C) 15.9 percent
• D) 11.7 percent

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