Assume That You Purchased 100 Shares of a Stock for $70

question 59

Multiple Choice

Assume that you purchased 100 shares of a stock for $70 a share, that you received an annual dividend of $0.60 a share, and that you sold your stock for $80 a share at the end of one year. What is the total return for your investment? (Ignore commission amounts for this question.)

• A) $100
• B) $60
• C) $760
• D) $860
• E) $1,060

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Definitions:

Private Corporation

A corporation owned by just one or a few people who are closely involved in managing the business.

Public Markets

Marketplaces that are open to the public, offering a variety of goods and services, often featuring local vendors and farmers.

Proxy

A document authorizing a person to vote on another's behalf at shareholder meetings, or the individual authorized to do so.