A share of Apple stock has a price of $430 and gives $43 of Apple profit to its owner. The interest rate on this share is
A) 10 percent.
B) $430.
C) 15.4 percent
D) $43.

Name: A share of Apple stock has a price of $430 and gives $43 of Apple profit to its owner. The interest rate on this share is A) 10 percent. B) $430. C) 15.4 percent D) $43.
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Question

Quizplus · Accepted Answer

The interest rate is calculated by dividing the profit by the price of the stock, which is $43 / $430 = 0.1 or 10 percent.

A Share of Apple Stock Has a Price of $430