A Stock Quote Indicates a Stock Price of $60 and a Dividend

question 39

Multiple Choice

A stock quote indicates a stock price of $60 and a dividend yield of 3%. The latest quarterly dividend received by stock investors must have been ________ per share.

• A) $0.55
• B) $1.80
• C) $0.45
• D) $1.25

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Definitions:

Mutually Exclusive

Two events that cannot occur at the same time, indicating no overlap in possible outcomes.

Independent

The condition where the occurrence or outcome of one event does not affect the occurrence or outcome of another event.

P(A / B)

Represents the conditional probability of event A occurring given that event B has occurred.

Missile

A guided weapon system designed to deliver a payload from a source to a target at high velocities.