Assume That You Purchased 50 Shares of Home Depot Stock

question 4

Multiple Choice

Assume that you purchased 50 shares of Home Depot stock for $35 a share, that you received an annual dividend of $0.30 a share, and that you sold your Home Depot stock for $40 a share at the end of one year.What is the total return for your investment? (Ignore commission amounts for this question.)

• A)10.00 percent
• B)12.50 percent
• C)13.25 percent
• D)14.29 percent
• E)15.14 percent

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Definitions:

Republicans

A political party in the United States that traditionally supports conservative policies, economic liberalism, and federalism.

Ross Perot

An American business magnate and politician best known for his third-party presidential runs in 1992 and 1996, focusing on fiscal responsibility and political reform.

Bipartisan System

A political system in which two major parties dominate the government and political landscape at any given time.

Dick Cheney

A prominent American politician and businessman who served as the 46th Vice President of the United States under President George W. Bush.