On January 1, 2016, the Price of a Stock Is

question 57

Multiple Choice

On January 1, 2016, the price of a stock is 42.50, whereas on December 31, 2016, the price of the stock is 48.78. Determine the capital gain yield of the stock.

• A) 13.25%
• B) 14.78%
• C) 15.14%
• D) 16.33%
• E) 17.49%

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Definitions:

Appeal

The process of challenging a decision made by a court in a higher court to review and possibly reverse the decision.

Stare Decisis

A legal doctrine under which courts are obliged to follow precedents established in previous decisions.

Courts of Chancery

Traditional courts dealing with equity, trusts, estates, and guardianships, distinct from courts of law.

Court of Chancery

A court historically dealing with matters of equity, including trusts, estates, and breaches of fiduciary duty, operating with a foundation in principles of fairness.