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# A stock returned what percent of its cost in a dividend at the end of

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Senior RC Moderator
Joined: 02 Nov 2016
Posts: 4084
GPA: 3.39
A stock returned what percent of its cost in a dividend at the end of  [#permalink]

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27 Jan 2018, 11:13
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Difficulty:

15% (low)

Question Stats:

77% (01:02) correct 23% (01:03) wrong based on 50 sessions

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A stock returned what percent of its cost in a dividend at the end of the year?

(1) The amount of the dividend was less than 10 percent of the cost of the stock.
(2) The amount of dividend paid on each share was \$1.20; and the stock cost \$60 per share.

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Joined: 26 Sep 2016
Posts: 29
Location: India
Schools: XLRI
GMAT 1: 580 Q48 V19
Re: A stock returned what percent of its cost in a dividend at the end of  [#permalink]

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27 Jan 2018, 17:44
1
IMO Ans:- B

Say Value of Stock = S.
Dividend = D.

We have to find D = ? % of S.

1. D<10%S.

So not an unique solution as it could be anything less than 10%.

2. D/share = \$1.2 & Share = \$60.
Substituting above values in D = ? % of S, we can achieve an unique answer.

So B.
Re: A stock returned what percent of its cost in a dividend at the end of   [#permalink] 27 Jan 2018, 17:44
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