Gary Bought a Share of Stock for $15

question 59

Multiple Choice

Gary bought a share of stock for $15.75 that paid a dividend of $.45 and sold three months later for $18.65.What was his dollar profit or loss and holding period return?

• A)$2.90,18.41%
• B)$3.35,21.27%
• C)-$2.90,-18.41%
• D)$.45,2.86%

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Definitions:

Distribution

Distribution involves the process of making goods or services available for use or consumption by consumers or businesses.

National Cooperative Research Act

Legislation that enables companies to collaborate on research and development efforts without immediately being subject to antitrust laws.

Joint Ventures

Business arrangements where two or more parties agree to pool their resources for the purpose of accomplishing a specific task or project.

Research and Development

The systematic investigation and innovation aimed at the discovery and application of new knowledge, typically to create new products or improve existing ones.