An Investor Earned a Holding Period Return Equal to 10

question 73

Multiple Choice

An investor earned a holding period return equal to 10 percent on a stock that she purchased for $27.50.During the time she held the stock,the company paid a $2 dividend.For what price did the investor sell the stock?

• A) $26.75
• B) $26.25
• C) $30.25
• D) $29.50
• E) $28.25

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Definitions:

Contract Price

The total monetary amount agreed upon in a contract for the sale of goods or services.

Repudiates

The act of refusing to accept or be associated with something, such as a contract or agreement.

Unfit Seed

Seeds that are unsuitable for planting due to poor quality, contamination, or being genetically modified without approval.

Lost Profits

Damages recoverable in a lawsuit, representing the amount of profit one party would have made had the other party not breached a contract or committed a wrongful act.