A stock sold for $25 at the beginning of the year.The end of year stock price was $25.70.What is the amount of the annual dividend if the total return for the year was 7.7 percent?
A) $1.23
B) $1.38
C) $1.60
D) $1.81
E) $2.31

Name: A stock sold for $25 at the beginning of the year.The end of year stock price was $25.70.What is the amount of the annual dividend if the total return for the year was 7.7 percent? A) $1.23 B) $1.38 C) $1.60 D) $1.81 E) $2.31
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Question

Quizplus · Accepted Answer

($25.70 - $25 + D) / $25 = 0.077; D = $1.23

A Stock Sold for $25 at the Beginning of the Year.The