Multiple Choice
Sandor Company owns an investment portfolio of available-for-sale securities. During 2016, Sandor received $3,000 of dividends and $1,000 of interest from the securities in the portfolio. The fair value of the portfolio on January 1, 2016 was $86,000 and the fair value of the portfolio at December 31, 2016 was $98,000. The economic return from investing ratio is closest to:
A) 16.3.
B) 33.3.
C) 18.6.
D) 17.4.
Correct Answer:
Verified
Correct Answer:
Verified
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