You Bought a Stock Three Years Ago and Paid $45

question 55

Multiple Choice

You bought a stock three years ago and paid $45 per share. You collected a $2 dividend per share each year you held the stock and then you sold the stock for $47 per share. What was your annual compound rate of return?

• A)8.89 percent
• B)8.51 percent
• C)5.84 percent
• D)4.44 percent
• E)2.96 percent

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Definitions:

Electronic Storage Device

A device used to store electronic data, such as a hard drive, solid-state drive, or USB flash drive.

Priming

The process by which exposure to a stimulus influences a response to a subsequent stimulus, without conscious guidance or intention.

Specific Associations

Connections or correlations between specific stimuli and responses, often studied in the context of learning and behavior.

Conscious Effort

The deliberate use of mental or physical energy to achieve a specific outcome.