A share of stock currently sells for $60,pays an annual dividend of $4.00,and earned a rate of return of 20% over the past year.What did this stock sell for one year ago?
A) $42.00
B) $46.15
C) $48.46
D) $53.33

Name: A share of stock currently sells for $60,pays an annual dividend of $4.00,and earned a rate of return of 20% over the past year.What did this stock sell for one year ago? A) $42.00 B) $46.15 C) $48.46 D) $53.33
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Question

Quizplus · Accepted Answer

0.20 = ($60 + 4 − P) / P; P = $53.33

A Share of Stock Currently Sells for $60,pays an Annual