Multiple Choice
Gee-Gee common stock returned a nifty 21.6 percent rate of return last year. The dividend amount was $.25 a share which equated to a dividend yield of 1.01 percent. What was the rate of price appreciation for the year?
A) 20.59 percent
B) 21.38 percent
C) 23.60 percent
D) 22.87 percent
E) 21.52 percent
Correct Answer:
Verified
Correct Answer:
Verified
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