In 2008, a share of Apple stock costs $82.58 and gives $5.36 of Apple's profit to its owner. In 2007, a share cost $174.36 and still gave its owner $5.36 of Apple's profit. Which of the following statements is correct?
A) The interest rate paid on a share of Apple stock decreased as the price decreased from $174.36 to $82.58.
B) An increase in the profit per share causes the stock price to fall.
C) Between 2007 and 2008, the interest rate paid on a share of Apple stock increased from 3.1 percent to 6.4 percent.
D) When the price of a share of Apple's stock increase, Apple's profits increase.
Correct Answer:
Verified
Q202: How does the real interest affect households'
Q209: In 2008, Australia had a government budget
Q231: In 2007, Singapore's government ran a budget
Q232: In January 2009, you can put your
Q233: In 2008, Germany had a budget deficit
Q234: In 2008, the financial and housing crisis
Q235: In 2008, the many people became unable
Q238: In 2007, France's exports totalled $490 billion
Q239: In 2008, Germany had a budget deficit
Q240: During the financial crisis in 2007 and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents