Noble Stock Was $60

question 83

Multiple Choice

Noble stock was $60.00 per share at the end of last year. Since then, it paid a $2.00 per share dividend last year. The stock price is currently $58. If you owned 400 shares of Noble, what was your percent return?

• A)(-3.33 percent)
• B)0 percent
• C)3.33 percent
• D)3.45 percent

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Definitions:

Cost of Debt

The effective rate that a company pays on its borrowed funds, which can include loans, bonds, and other forms of debt.

Debt/Equity Ratio

This ratio demonstrates the equity to debt proportion in the context of financing company assets.