Multiple Choice
If a stock is purchased for $25 per share and held one year, during which time a $3.50 dividend is paid and the price climbs to $28.25, the nominal rate of return is:
A) 13.00 percent.
B) 14.00 percent.
C) 23.01 percent
D) 27.00 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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