Fred Flintlock Wants to Earn a Total of 10% on His

question 33

Multiple Choice

Fred Flintlock wants to earn a total of 10% on his investments. He recently purchased shares of ABC stock at a price of $20 a share. The stock pays a $1 a year dividend. The price of ABC stock needs to _____ if Fred is to achieve his 10% rate of return.

• A) remain constant
• B) decrease by 5%
• C) increase by 5%
• D) increase by 10%
• E) increase by 15%

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Definitions:

Assortment

The process during meiosis where chromosomes are randomly distributed to the gametes, contributing to genetic diversity.

Genotype

The genetic makeup of an organism, including all of its genes, as distinguished from its physical appearance.

Type O Blood

A blood group in the ABO system characterized by the absence of A and B antigens on red cells, making it a universal donor for red cell transfusion.

Alleles

Different forms of a gene that arise by mutation and are found at the same place on a chromosome, influencing the development of different traits or characteristics in an organism.