Solved

Jenny Reed Bought SSX Stock for $15 Per Share

Question 89

Multiple Choice

Jenny Reed bought SSX stock for $15 per share. The annual dividend was $1.50 per share, and after 2 year(s) , SSX was selling for $38 per share. Find the simple interest rate of growth of her money to the nearest hundredth of a percent. Round your answer to two decimal places. ​


A) 8.67%
B) 76.67%
C) 34.21%
D) 86.67%
E) 186.67%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions