A Share of Stock Currently Sells for $60,pays an Annual

question 54

Multiple Choice

A share of stock currently sells for $60,pays an annual dividend of $4.00,and earned a rate of return of 20% over the past year.What did this stock sell for one year ago?

• A) $42.00
• B) $46.15
• C) $48.46
• D) $53.33

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Definitions:

Infant Testing

Methods designed to evaluate developmental stages, cognitive abilities, and physical growth in babies and very young children.

Divergent Thinking

Thinking that produces many answers to the same question; characteristic of creativity.

Convergent Thinking

A cognitive process where a problem is solved by applying known rules and logic to narrow down to a single solution.

Novel

New or original, especially in relation to stories, inventions, or ideas not previously seen or experienced.