Multiple Choice
The following data are provided: 
Additional information:On May 1, 2015, 5,000 shares of common stock were issued. The preferred dividends were not declared during 2015. The market price of the common stock was $50 at December 31, 2015.The rate of return on common stock equity for 2015 is calculated as
A) 60 ÷ 415.
B) 60 ÷ 460.
C) 55 ÷ 415.
D) 55 ÷ 460.
Correct Answer:
Verified
Correct Answer:
Verified
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