WayCo Stock Was $75 Per Share at the End of Last

question 112

Multiple Choice

WayCo stock was $75 per share at the end of last year. Since then, it paid a $3 per share dividend last year. The stock price is currently $70. If you owned 200 shares of WayCo, what was your percent return?

• A) −6.67 percent
• B) −2.67 percent
• C) 4.00 percent
• D) 4.29 percent

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Definitions:

Incremental Sales

Additional sales generated by a new action or decision, beyond what would have been sold without it.

Cash Operating Expenses

Expenses that a company pays out in cash during the operating cycle, excluding non-cash expenses like depreciation.

One-Time Expense

An uncommon or non-recurring charge that companies incur, which does not reflect regular operating activities.

Straight-Line Depreciation

A technique for determining an asset's depreciation by uniformly distributing its cost throughout its lifespan.