Julio Purchased a Stock One Year Ago for $27

question 20

Multiple Choice

Julio purchased a stock one year ago for $27. The stock is now worth $32, and the total return to Julio for owning the stock was 37 percent. What is the dollar amount of dividends that he received for owning the stock during the year?

• A) $4
• B) $5
• C) $6
• D) $7

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Definitions:

Document Package

A set of documents grouped together, often for a specific purpose or requirement.

Appraisal

An estimate of the value of a property prepared by a person trained in the evaluation of the worth of property.

Survey

A systematic method of collecting data from a sample of individuals to gather information and insights on various subjects.

Solicitor's Fee

The charges or fees paid for the services of a solicitor, a type of lawyer in some jurisdictions.