Christopher Purchased 200 Shares of ABC Stock at $21

question 59

Multiple Choice

Christopher purchased 200 shares of ABC stock at $21.25 per share.After nine months, he sold all of his shares at a price of $19.88 a share.Christopher received a total of $0.55 per share in dividends during the time he owned the shares.Jake's holding period return is

• A)-6.4%.
• B)-3.9%.
• C)2.6%.
• D)9.7%.

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Definitions:

Methyllithium

A highly reactive organolithium reagent used in organic synthesis to form carbon-carbon bonds.

Pyridine

A basic nitrogen-containing heterocyclic aromatic compound, often used as a solvent and in the synthesis of various organic compounds.

LDA

Lithium diisopropylamide, a strong, non-nucleophilic base used in organic synthesis to deprotonate weak acids.

Acetophenone

A colorless, viscous liquid used in fragrances and as a solvent, characterized by a sweet, pungent smell, belonging to the ketone family.