Investment Return Rx Corp

question 86

Multiple Choice

Investment Return Rx Corp.stock was $60.00 per share at the end of last year.Since then,it paid a $1.00 per share dividend last year.The stock price is currently $62.50.If you owned 400 shares of Rx,what was your percent return?

• A)1.67 percent
• B)4.17 percent
• C)5.60 percent
• D)5.83 percent

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Definitions:

Buyers

Individuals or entities that exchange money for goods or services, playing a crucial role in the dynamics of supply and demand in the market.

Price Decreases

A decline in the cost of goods or services, opposite to price increases.

Demand Curve

A diagram illustrating how consumer demand for a product changes in relation to its price.

Quantity Demanded

The overall volume of a certain good or service that individuals are prepared and financially able to buy at a set price during a specified interval.