A share of Apple stock has a price of $82.58 and gives $5.36 of Apple profit to its owner . The interest rate on this share
A) $15.41.
B) $6.41.
C) 15.4 percent
D) 6.4 percent.

Question

Quizplus · Accepted Answer

To find the interest rate on the share, we need to divide the profit by the price of the share and multiply by 100 to get a percentage. This gives us:

(interest rate) = (profit / price of share) x 100
                 = (5.36 / 82.58) x 100
                 = 6.49

So the interest rate on this share is 6.49%, which rounds to 6.4%. Therefore, the correct choice is D.

A Share of Apple Stock Has a Price of $82