Scott Purchased 200 Shares of Frozen Foods Stock for $48

question 31

Multiple Choice

Scott purchased 200 shares of Frozen Foods stock for $48 a share. Four months later, he received a dividend of $0.22 a share and also sold the shares for $42 each. What was his annualized rate of return on this investment?

• A) -44.69 percent
• B) -40.14 percent
• C) -33.00 percent
• D) -32.90 percent
• E) -28.07 percent

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Definitions:

Phosphorus

A chemical element that plays a vital role in biological processes such as energy transfer, genetic information processing, and bone formation.

Phosphorus

A reactive, nonmetallic chemical element with the symbol P, essential for life, playing a key role in cellular energy transfer and nucleic acid synthesis.

Sedimentary Rock

Rock formed from the accumulation and compaction of mineral and organic particles on the Earth's surface, often containing fossils.

Primary Consumers

Organisms that directly consume producers, such as plants or algae, and serve as a food source for higher trophic levels in an ecosystem.