The Following Information Pertains to Jasmin Corporation

question 51

Multiple Choice

The following information pertains to Jasmin Corporation. Assume that all balance sheet amounts represent both average and ending figures. Jasmin Corporation had 6,000 shares of common stock issued and outstanding. The market price of Jasmin common stock on December 31, 2009, was $20. Jasmin paid dividends of $0.90 per share during 2009.
What is the return on equity for this corporation? Round your answer to 1 decimal place.

• A) 5.0 percent
• B) 10.0 percent
• C) 23.3 percent
• D) 53.3 percent

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Definitions:

Adverse Factors

Conditions or elements that can hinder progress, cause damage, or create challenging situations.

Stereotyping

The act of making generalized assumptions about individuals or groups based on their membership in certain categories.

Mexican-American

An individual or cultural identity associated with people of Mexican heritage living in the United States, blending elements of both cultures.

Equal Opportunity

The principle of treating all people the same, without discrimination, especially in employment and education.