You Purchased a Stock for $46

question 21

Multiple Choice

You purchased a stock for $46.70 a share and resold it one year later.Your total return for the year was 11.2 percent and the dividend yield was 2.8 percent.At what price did you resell the stock?

• A)$42.78
• B)$50.62
• C)$51.93
• D)$52.08
• E)$57.54

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Definitions:

Harvest Vehicles

Strategies or methods used by entrepreneurs and investors to exit a business while realizing the venture's value.

Liquidity

The ease with which an asset can be converted into cash without affecting its market price.

Founder

An individual who establishes and builds an organization or a company from the ground up.

Public Company

A corporation whose shares are publicly traded on stock exchanges, allowing for widespread ownership among general investors.