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

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

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New post 27 Jan 2018, 10:13
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A
B
C
D
E

Difficulty:

  15% (low)

Question Stats:

88% (01:04) correct 12% (00:43) wrong based on 26 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.
[Reveal] Spoiler: OA

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Re: A stock returned what percent of its cost in a dividend at the end of [#permalink]

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New post 27 Jan 2018, 16:44
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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, 16:44
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A stock returned what percent of its cost in a dividend at the end of

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