The Capital Gain Yield of an Equity Security Is 9

question 26

Multiple Choice

The capital gain yield of an equity security is 9.27%.The security paid a quarterly dividend of $0.55 per share during the year.What is the current price of the security if the total return is 13.76 percent?

• A)$12.25
• B)$13.38
• C)$49.00
• D)$53.54

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Definitions:

Medium of Exchange

An intermediary used in trade to avoid the inconveniences of a pure barter system, such as currency or other financial instruments.

Efficient Use

Utilizing resources in a manner that maximizes the production of goods and services without waste.

Economy's Resources

The total means available for the production and consumption of goods and services, including labor, capital, land, and entrepreneurship.

Market Economies

Economic systems where supply, demand, and prices are driven by decisions made by consumers and businesses rather than central planning.