Scott Purchased 200 Shares of Frozen Foods Stock for $48

question 6

Multiple Choice

Scott purchased 200 shares of Frozen Foods stock for $48 a share. Four months later, he received a dividend of $.22 a share and also sold the shares for $42 each. What was his annualized rate of return on this investment?

• A)−44.69%
• B)−40.14%
• C)−33.00%
• D)−31.95%
• E)−28.07%

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Definitions:

Order Of

Typically refers to a directive issued by a court or a sequence or arrangement of items, actions, or priorities.

Stamped Imprint

A type of mark or impression made on a document or object, often for legal or official purposes, using a stamp.

Bearer Instrument

A negotiable financial instrument that entails possession of the document itself confers ownership and thus, the entitlement to payment.

Special Indorsement

A type of endorsement on a negotiable instrument that specifies the person to whom, or to whose order, the instrument is payable.