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

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Bunuel
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A stock returned what percent of its cost in a dividend at the end of [#permalink] New post   16 Apr 2024, 01:30
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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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Scholar94
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Re: A stock returned what percent of its cost in a dividend at the end of [#permalink] New post   16 Apr 2024, 11:30
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Edoua wrote:
E

1) The amount of the dividend was less than 10 percent of the cost of the stock.

We don’t know the cost of the stock

Insufficient

2) The amount of dividend paid on each share was $1.20; and the stock cost $60 per share.

The amount of dividend paid was $1.20 but we don’t know in how many period a year

It can be monthly, after a trimester or…

Insufficient

1+2) insufficient

How many shares, what can be te total amount of stock

Hence insufficient

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I believe correct answer is B.

We can infer from the free info that dividend will be paid at the end of the year. Hence statement 2 is sufficient
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Re: A stock returned what percent of its cost in a dividend at the end of [#permalink] New post   16 Apr 2024, 11:42
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Bunuel wrote:
­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.


­


Let k be the percentage the stock will return. K% × Cost=Dividend

Statement 1 is cleary not sufficient

Statement 2: let T be the total number of shares.

K%×60T=1.2T

K We can clearly find K. Hence Statement 2 is sufficient

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Edoua
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Re: A stock returned what percent of its cost in a dividend at the end of [#permalink] New post   16 Apr 2024, 05:18
E

1) The amount of the dividend was less than 10 percent of the cost of the stock.

We don’t know the cost of the stock

Insufficient

2) The amount of dividend paid on each share was $1.20; and the stock cost $60 per share.

The amount of dividend paid was $1.20 but we don’t know in how many period a year

It can be monthly, after a trimester or…

Insufficient

1+2) insufficient

How many shares, what can be te total amount of stock

Hence insufficient

Posted from my mobile device
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A stock returned what percent of its cost in a dividend at the end of [#permalink] New post   17 Apr 2024, 04:34
Edoua wrote:
E

1) The amount of the dividend was less than 10 percent of the cost of the stock.

We don’t know the cost of the stock

Insufficient

2) The amount of dividend paid on each share was $1.20; and the stock cost $60 per share.

The amount of dividend paid was $1.20 but we don’t know in how many period a year

It can be monthly, after a trimester or…

Insufficient

1+2) insufficient

How many shares, what can be te total amount of stock

Hence insufficient

Posted from my mobile device

­A stock returned what percent of its cost in a dividend at the end of the year? 
The question asks about percent and 2) say "the amount of dividend was 1.20 per share" and "the stock cost 60 per share"  
So 1.20/60 -> 2%­
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A stock returned what percent of its cost in a dividend at the end of [#permalink]
17 Apr 2024, 04:34
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Bunuel
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