Eight Months Ago, You Purchased 300 Shares of a Non-Dividend

question 23

Multiple Choice

Eight months ago, you purchased 300 shares of a non-dividend paying stock for $27 a share. Today, you sold those shares for $31.59 a share. What was your annualized rate of return on this investment?

• A)17.00%
• B)21.45%
• C)25.50%
• D)26.55%
• E)28.00%

---

Definitions:

Raw Materials Sources

The origins or suppliers of the unprocessed materials which are used in manufacturing products.

Finished Goods Markets

Markets that deal in products that have completed the manufacturing process and are ready for sale or consumption.

Tapering Rates

Refers to a gradual reduction in rates or charges, often seen in transportation or utility pricing, as usage increases.

Blanket Rates

A type of pricing strategy where a single rate is applied across a range of products or services, instead of specific charges for individual items.