At the end of fiscal year 2011,Crane Industries,Inc.'s stock price was $30.75.A year later it was $34.88.Per share dividends over the year were $0.55,while earnings per share were $1.33.What was the percentage change in the share price in fiscal year 2012?
A) 1.79%
B) 4.33%
C) 13.43%
D) 15.22%
E) 17.76%
F) None of the above.

Question

Quizplus · Accepted Answer

To calculate the percentage change in share price, we need to first find the change in price.

Change in price = Ending price - Beginning price
= $34.88 - $30.75
= $4.13

Now, we can calculate the percentage change:

Percentage change = (Change in price / Beginning price) x 100
= ($4.13 / $30.75) x 100
= 13.43%

Therefore, the correct answer is C) 13.43%.

At the End of Fiscal Year 2011,Crane Industries,Inc