Steve Bought a Share of Toronto Skates Inc

question 21

Multiple Choice

Steve bought a share of Toronto Skates Inc.three years ago for $45.00.He was paid two annual dividends of $4.50 in the past two years.If the stock price today is $ 48.50,what is the annual holding period return of the stock?

• A) 7.78%
• B) 15.56%
• C) 27.78%
• D) 9.26%

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Definitions:

Linear

Describing a structure, progression, or relationship that follows a straight line or in simpler terms, one that proceeds from one stage to the next in a single series of steps.

Ammonia Molecule

A compound made of nitrogen and hydrogen with the formula NH3, characterized by a sharp smell and often used in fertilizers.

Trigonal Pyramidal

A molecule shape where a central atom is surrounded by three atoms at the corners of a pyramid, which has a triangular base.

Central Atom

The atom in a molecule or polyatomic ion that is surrounded by other atoms, forming the basis of the molecule's geometry.