A Stock Sold for $30 at the Beginning of the Year

question 69

Multiple Choice

A stock sold for $30 at the beginning of the year. The end of year stock price was $30.50. What is the amount of the annual dividend if the total return for the year was 7.7 percent?

• A) $1.11
• B) $1.38
• C) $1.60
• D) $1.81
• E) $2.31

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Definitions:

Income from Continuing Operations

The profit or loss generated from a company's regular business activities, excluding extraordinary items or discontinued operations.

Discontinues a Segment

The process of stopping operations, production, or sale of a particular division or segment within a larger business.

Continuing Operations

Parts of a business expected to continue for the foreseeable future, excluding any discontinued operations.

Sarbanes-Oxley Act

The Sarbanes-Oxley Act is a U.S. law enacted in 2002 to protect investors from potential fraudulent activities by corporations, improving financial disclosures and preventing accounting fraud.