Travis Bought a Share of Stock for $31

question 42

Multiple Choice

Travis bought a share of stock for $31.50 that paid a dividend of $.85 and sold six months later for $27.65. What was his dollar profit or loss and holding period return?

• A) -$3.00, -9.52%
• B) -$3.85, -12.22%
• C) -$.85, -2.70%
• D) -$3.85, -9.52%

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Definitions:

James Fenimore Cooper

An early 19th-century American writer known for his historical novels of frontier and Native American life, most famously "The Last of the Mohicans."

Black Laws

Legislation passed in the United States during the 19th century, particularly in the North, that restricted the freedoms and rights of African Americans.

Midwestern States

A group of states in the central and northern portions of the United States known for their agricultural and industrial output.

Black Hawk War

The Black Hawk War was a brief conflict in 1832 between the United States and Native American forces led by Black Hawk, a Sauk leader.