A Stock Sold for $25 at the Beginning of the Year.The

question 15

Multiple Choice

A stock sold for $25 at the beginning of the year.The end of year stock price was $25.70.What is the amount of the annual dividend if the total return for the year was 7.7 percent?

• A) $1.23
• B) $1.38
• C) $1.60
• D) $1.81
• E) $2.31

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Definitions:

Comparisons

The process of evaluating two values or expressions to determine their relationship, commonly used in programming to control flow.

List

A collection of ordered items that can contain duplicate elements and is used to store data in a linear format.

Sequential Search

Sequential search is a method for finding a target value within a list; it sequentially checks each element of the list until a match is found or the whole list has been searched.

Array

A data structure that stores a fixed-size sequential collection of elements of the same type.