After 10 Years, 100 Shares of Stock Originally Purchased for $500

question 64

Multiple Choice

After 10 years, 100 shares of stock originally purchased for $500 was sold for $900. What was the yield on the investment? Choose the closest answer.

• A) 19%
• B) 2.5%
• C) 8.5%
• D) 6%

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Definitions:

Chapter 7

A provision of the bankruptcy code that provides for "liquidation," wherein a debtor's non-exempt assets are sold and the proceeds distributed to creditors.

Chapter 11

A provision under the US Bankruptcy Code that allows businesses and individuals to reorganize their debts while keeping their assets.

Stockbroker

A professional who buys and sells stocks and other securities for their clients in exchange for a fee or commission.

Chapter 11

A section of the United States Bankruptcy Code that permits reorganization under the bankruptcy laws of the United States, primarily for corporations and partnerships.