The following data are provided:
Additional information:
On May 1, 2008, 3,000 shares of common stock were issued. The preferred dividends were not declared during 2008. The market price of the common stock was $50 at December 31, 2008.
-The rate of return on common stock equity for 2008 is
A) 90 ÷ 400.
B) 90 ÷ 440.
C) 80 ÷ 400.
D) 80 ÷ 440.

Question

The following data are provided:
  Additional information:
On May 1, 2008, 3,000 shares of common stock were issued. The preferred dividends were not declared during 2008. The market price of the common stock was $50 at December 31, 2008.
-The rate of return on common stock equity for 2008 is
A) 90 ÷ 400. 
B) 90 ÷ 440. 
C) 80 ÷ 400. 
D) 80 ÷ 440.

Quizplus · Accepted Answer

11ee9a5f_702e_cd30_b9cb_8b6e8d66638f_TB10226_00

The Following Data Are Provided