A Share of Stock Currently Sells for $60,pays an Annual

question 54

Multiple Choice

A share of stock currently sells for $60,pays an annual dividend of $4.00,and earned a rate of return of 20% over the past year.What did this stock sell for one year ago?

• A) $42.00
• B) $46.15
• C) $48.46
• D) $53.33

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Definitions:

Electro-magnet

A magnet created by the flow of electrical current through a coil of wire, allowing for magnetic force to be turned on or off.

Circuit Input

The point at which a signal or power enters an electronic or electrical circuit.

Control Coil

An electromagnetic coil used in electrical relays and contactors that, when energized, creates a magnetic field to open or close contacts within the device.

Operating Voltage

The specific voltage at which an electrical device or circuit is designed to operate optimally.