If You Purchase 100 Shares of Ajax Corporation for $15

question 3

Multiple Choice

If you purchase 100 shares of Ajax Corporation for $15 a share and one year later sell it for $20 a share, what was your return if the stock paid $2 per share dividends? (Ignore commissions and trading fees. Round to the nearest whole percent.)

• A) 10%
• B) 33%
• C) 47%
• D) 40%

---

Definitions:

Injunction

A legal order issued by a court that directs an individual or entity to do or refrain from doing a specific action.

Contractual Duty

An obligation imposed by a contract that requires a party to act or refrain from acting in a certain way.

Liquidated Damage

An amount of money, agreed upon by parties in a contract, to be paid as compensation by one party to the other in the event of a breach of contract.

Approximation

The process of finding a value that is close enough to the right answer, usually within an acceptable margin of error.