Kids Toy Co

question 77

Multiple Choice

Kids Toy Co. has had total returns over the past five years of 0%,7%,-2%,10%,and 12%. What was the arithmetic average return on this stock?

• A) 5.40%
• B) 5.50%
• C) 6.15%
• D) 6.33%
• E) 6.75%

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Definitions:

Charter Banks

Financial institutions founded and operating under a charter or authority granted by a governmental or regulatory body, often with specific objectives or operations.

Concurrent Power

Powers in federal systems that are shared by both the state governments and the federal government.

States' Rights

The rights and powers held by individual US states rather than by the federal government, a principle often invoked in debates over federalism and the balance of power.

Civil War

A war between citizens of the same country.