A Particular Stock Had Year-End Prices of $45, $43, $54

question 41

Multiple Choice

A particular stock had year-end prices of $45, $43, $54, and $61 over the past four years, respectively. What was the arithmetic average return of the stock?

• A) 7.90%
• B) 8.52%
• C) 10.04%
• D) 10.67%
• E) 11.37%

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Definitions:

Osmosis

The net movement of water (the principal solvent in biological systems) by diffusion through a selectively permeable membrane from a region of higher concentration of water (a hypotonic solution) to a region of lower concentration of water (a hypertonic solution).

Capillary Action

The ability of a liquid to flow in narrow spaces without the assistance of, and in opposition to, external forces like gravity.

Hydrogen Bonds

Weak bonds between molecules or within molecules due to the attraction between a hydrogen atom and a more electronegative atom.

Adhesive Forces

The attractive forces between unlike molecules that cause them to cling to one another.