Ammar Purchased 100 Shares of Northern Bank at $55 Dollars

question 67

Multiple Choice

Ammar purchased 100 shares of Northern Bank at $55 dollars a share in January of 2004.The shares subsequently split two-for-one on December 31, 2004 after paying an annual dividend of $1.00 per share.If Ammar sells all of his shares on the first trading day in January 2005 for $30 each, what has been his return on investment?

• A)Zero
• B)9.1%
• C)10.0%
• D)10.9%
• E)15%

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Definitions:

Procedural Memory

A type of long-term memory that involves the unconscious recall of how to perform tasks or skills, such as riding a bike or typing.

Perspective Taking

The ability to understand and consider someone else's point of view or mental state.

Selman's Stages

A framework proposed by Robert Selman outlining the stages of social perspective-taking development in children, reflecting how they understand others' thoughts and feelings.

Self-Reflective

Having the ability or tendency to think about and analyze one’s own thoughts, feelings, and behaviors.