Josh Purchased 100 Shares of XOM for $76

question 21

Multiple Choice

Josh purchased 100 shares of XOM for $76.63 per share at the beginning of 2007. He received dividends per share of $1.37 (2007) , $1.55 (2008) , $1.66 (2009) , $1.74 (2010) , $1.85 (2011) . At the end of 2011, just after receiving the last dividend, he sold the stock for $84.76. At what average annual rate did the price of the stock increase over the 5 year period?

• A) about 10.61%
• B) about 2.12%
• C) about 2.03%
• D) about 1.64%

---

Definitions:

Mood Disorders

A category of mental disorders involving persistent disturbances in a person's mood, causing significant impairment in daily life.

Active Listening

The process of attentively listening to someone while providing feedback indicating comprehension and interest, often used to improve personal and professional communications.

Unconditional Positive Regard

A concept in psychology that refers to offering acceptance and support to someone regardless of their actions or feelings, often used in client-centered therapy.

Cognitive-behavioral Therapy

A psychotherapeutic approach that addresses dysfunctional emotions, behaviors, and cognitions through a goal-oriented, systematic process.