Assume Joe Invests a Total of $10,000 in a Company

question 157

Multiple Choice

Assume Joe invests a total of $10,000 in a company - $5,000 of which is his own money and $5,000 which he borrowed at a 10% interest rate.If the company's stock value increases by 20% in one year at which time Joe sells his shares of the stock, what is Joe's rate of return on his investment?

• A)10% 
• B)15% 
• C)20% 
• D)30%

Understand patient care standards and expectations set by the healthcare system.

Grasp the importance of thoroughly reviewing employment contracts and the necessity of specific clauses.

Learn the proper conduct and considerations when testifying in court.

Understand the ethical issues arising from medical advances and how they are addressed.

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Definitions:

Interval

A range of values used to estimate a population parameter, including a measured level of reliability.

Ratio

A quantitative relationship between two numbers showing how many times the first number contains the second or vice versa.

Scales of Measurement

A classification that describes the nature of information within the values assigned to variables in statistical analysis.

Ordinal

Relating to a categorical ranking in which the order of the values is significant, but the difference between them is not uniformly spaced.