USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 62

Multiple Choice

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
Shares of RossCorp stock are selling for $45 per share. Brokerage commissions are 2 percent for purchases and 2 percent for sales. The interest rate on margin debt is 6.25 percent per year. The maintenance margin is 30 percent.
-Refer to Exhibit 3.7. At the end of one year, shares of RossCorp stock are selling for $55 per share and the company paid dividends of $0.85 per share. Assuming that you paid the full cost of the purchase, what is your rate of return if you sell RossCorp stock?

• A) 18.08 percent
• B) 23.51 percent
• C) 22.32 percent
• D) 14.96 percent
• E) 19.28 percent

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Definitions:

Birth Order

The rank of siblings by age, which is theorized to influence personality development and behavioral traits.

Cultural View

The perceptions and interpretations of the world that are heavily influenced by one's cultural background.

Synchrony

The simultaneous occurrence or coordination of events or behaviors, especially in relation to movements or communication.

Therapeutic Goals

Objectives set during therapy aimed at resolving specific issues and improving a client's mental health or functioning.