Steve Bought a Share of Toronto Skates Inc

question 24

Multiple Choice

Steve bought a share of Toronto Skates Inc.three years ago for $45.00.He was paid two annual dividends of $4.50 in the past two years.If the stock price today is $ 48.50, what is the annual holding period return of the stock?

• A)7.78%
• B)15.56%
• C)27.78%
• D)9.26%

---

Definitions:

Reasonable Force

Reasonable force refers to the minimum amount of force necessary to protect oneself, others, or property, without going beyond what is considered legally and morally acceptable.

Court Summons

An official notice calling someone to court to respond to a lawsuit filed against them.

Collection Agency

A business that pursues payments on debts owed by individuals or businesses.

Business Practices Act

Legislation aimed at preventing unfair or deceptive business practices and promoting fair competition.