One Year Ago,you Purchased 300 Shares of Southern Cotton at $32.60

question 69

Multiple Choice

One year ago,you purchased 300 shares of Southern Cotton at $32.60 a share.During the past year,you received a total of $280 in dividends.Today,you sold your shares for $35.80 a share.What is your total return on this investment?

• A) 8.79 percent
• B) 9.64 percent
• C) 10.16 percent
• D) 11.64 percent
• E) 12.68 percent

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Definitions:

Novation

A legal process where a new contract replaces an existing one, transferring rights and obligations from the original party to a new one.

Heavy-duty Equipment

Machines or vehicles that are designed for executing complex tasks or operations, often in construction or industrial settings, capable of handling a high level of demand or strain.

Misrepresentation

A false statement or misleading omission made by one party that induces another to enter into a contract.

Threat of Violence

The expression of an intention to inflict pain, injury, damage, or other hostile action on someone in an effort to intimidate or coerce.