Multiple Choice
Common stock is held for two years, during which time it receives an annual dividend of $10.The stock was sold for $100 and generated an average annual return of 16 percent.What price was paid for the stock?
A) $61.60
B) $64.80
C) $88.00
D) $90.90 .32 =
Correct Answer:
Verified
Correct Answer:
Verified
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