Find the Cost for the Stock Purchase

question 59

Multiple Choice

Find the cost for the stock purchase. Ignore any broker's fee and assume that the purchase was at the close price for the
day. Then find the annual dividend that would have been paid for the year on that number of shares.
-820 shares of Meredith (MDP)

• A)Cost $28,085.00; dividend $360.8
• B)Cost $27,265.00; dividend $820.00
• C)Cost $28,085.00; dividend $820.00
• D)Cost $27,265.00; dividend $360.8

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Definitions:

Total Revenue

The sum of all payments received by a company for its products or services, not accounting for any expenses.

More Elastic

A term describing demand that is highly responsive to changes in price.

Quantity Demanded

The specific amount of a good or service consumers are willing to buy at a given price during a specific period.

Elasticity Coefficient

A numerical measure of the responsiveness of the quantity demanded or supplied of a good to a change in one of its determinants, like price.