Kayla would like to purchase a stock priced at $30. The stock is not expected to pay any dividends in the coming year. She thinks she can sell the stock for $36 after one year. Her estimated return on the stock would be ____ percent.
A)6
B)10
C)15
D)20

Question

Quizplus · Accepted Answer

Kayla's estimated return is calculated as (Sell Price - Buy Price) / Buy Price * 100 = (36 - 30) / 30 * 100 = 20%.

Kayla Would Like to Purchase a Stock Priced at $30