Use the Table for the Question(s)below

question 43

Multiple Choice

Use the table for the question(s) below.
Consider the following Price and Dividend data for General Electric Company:
-Assume that you purchased General Electric Company stock at the closing price on December 31,2008 and sold it after the dividend had been paid at the closing price on January 26,2009.Your capital gains rate (yield) for this period is closest to:

• A)0.75%
• B)0.70%
• C)-8.80%
• D)-8.15%

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Definitions:

Hybrid Method

An accounting approach that combines elements of both the cash basis and accrual basis methods for financial reporting.

Deductible Expenses

Expenses eligible to reduce taxable income, subject to various tax rules and limitations.

Supplies Expenses

Costs incurred by a business for items that are used and consumed in the business operations, typically within a short period.

Zaleznik

Abraham Zaleznik is known for his work contrasting managers and leaders, suggesting that leaders are more focused on change and managers on consistency.