A Single Common Stock Share Was Purchased for $50

question 59

Multiple Choice

A single common stock share was purchased for $50.00 at the beginning of the year. The end of year stock price was $49.35. What was the amount of the annual dividend if the total return for the year was 2.3 percent?

• A)$1.25 per share
• B)$1.40 per share
• C)$1.60 per share
• D)$1.80 per share
• E)$2.20 per share

---

Definitions:

Universal Product Code

A barcode symbol that is widely used in retail for tracking trade items in stores, containing a unique identifier for each product.

Vendor-managed Inventory

A supply chain strategy where the supplier assumes responsibility for managing inventory levels at the customer's premises.

Distribution Center

A warehouse or storage facility where products are stored and from which they are distributed to retailers or customers.

Stock

Shares representing ownership in a company or commodities or goods held in inventory by a business.