An Investor Earns Dividends of $360

question 54

Multiple Choice

An investor earns dividends of $360.27 during the course of the year.At the end of the year, the stock is worth $10,700.If the dividend yield on the stock over the year was calculated at 4%, the approximate worth of the stock at the beginning of the year was

• A)$9,007.
• B)$9,457.
• C)$9,907.
• D)$10,357.