Multiple Choice
Gunther earned a 62.5 percent return on a stock that he purchased one year ago. The stock is now worth $12, and he received a dividend of $1 during the year. How much did Gunther originally pay for the stock?
A) $7.00
B) $7.50
C) $8.00
D) $8.50
Correct Answer:
Verified
Correct Answer:
Verified
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