Phil Realized a Total Return of 13

question 23

Multiple Choice

Phil realized a total return of 13.2 percent which is less than his expected return of 14.4 percent.What is the amount of his unexpected return?

• A)-1.2 percent
• B)-0.6 percent
• C)0.6 percent
• D)1.2 percent
• E)1.3 percent

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Definitions:

Redeemers

A political coalition in the Southern United States during the Reconstruction era, aimed at reestablishing a conservative order, including the suppression of African Americans' rights.

Radical Reconstruction

The phase (1867-1877) following the American Civil War, characterized by severe measures to reintegrate the Southern states and ensure civil rights for freed slaves.

Federal Government

The national government of a federation, holding authorities and responsibilities distinct from those of member states or provinces, particularly in matters of national concern.

Reconstruction

The era following the Civil War in the United States, during which the southern states were reconstructed and reincorporated into the Union, spanning from 1865 to 1877.