Melanie Bought a Share of MPT Company for $53

question 53

Multiple Choice

Melanie bought a share of MPT Company for $53.98 one year ago.The stock paid a quarterly dividend of $0.52 throughout the year.What is the income yield if the stock is selling for $57.10 today?

• A)0.91%
• B)0.96%
• C)3.85%
• D)3.64%

---

Definitions:

Bank A

A generic term used to denote a financial institution licensed to receive deposits, offer loans, and provide other financial services to its customers.

Inflationary GDP Gap

The excess amount by which the actual gross domestic product (GDP) exceeds the potential GDP, leading to inflation.

Aggregate Demand

The total demand for all goods and services within an economy at a given overall price level and within a specific time frame.

Monetary Policy

The process by which a country's central bank or monetary authority manages its money supply to achieve specific goals such as controlling inflation, maintaining employment, and stabilizing the currency.