You purchased a stock for $35.00 a share and resold it one year later. Your total return for the year was 7.5 percent and the dividend yield was 1.4 percent. At what price did you resell the stock?
A)$35.75
B)$36.05
C)$36.15
D)$37.14
E)$38.24

Question

Quizplus · Accepted Answer

The total return for one year is the sum of capital gain and dividend yield. 
Total return = 7.5% + 1.4% = 8.9%
So, the selling price would be:
35.00 + (8.9% x 35.00) = $37.14 (rounded to the nearest cent)
Therefore, the answer is choice D.

You Purchased a Stock for $35