You purchased a stock for $50.00 a share and resold it one year later. Your total return for the year was 11.5 percent and the dividend yield was 2.8 percent. At what price did you resell the stock?
A)$42.78
B)$50.62
C)$51.93
D)$52.08
E)$54.35

Question

Quizplus · Accepted Answer

The Answer of You purchased a stock for $50.00 a share and resold it one year later. Your total return for the year was 11.5 percent and the dividend yield was 2.8 percent. At what price did you resell the stock?
A)$42.78
B)$50.62
C)$51.93
D)$52.08
E)$54.35

You Purchased a Stock for $50