A Stock Purchased for $52 Paid a Dividend of $1

question 39

Multiple Choice

A stock purchased for $52 paid a dividend of $1 six days after it was purchased.The stock was sold for $51 ninety days after it was purchased.What is the annualized rate of return? Assume the dividend was not reinvested.

• A) 3.9%
• B) 0.0%
• C) −7.7%
• D) 15.7%
• E) −15.7%

---

Definitions:

Union Recognition Clause

A provision in a labor contract that establishes an employer's acknowledgment of a union's legitimacy and right to represent its members.

Injunction

A legal order by a court requiring a person to do or cease doing a specific action, often used in labor disputes to restrict certain actions by parties.

Contract Violation

An act of breaking the terms or conditions outlined in a contractual agreement.

Unfair Labor Practice

Acts by employers or unions that violate the rights of employees or employers under labor laws, including discrimination, coercion, or refusal to bargain.