GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 23 Feb 2019, 05:59

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel
Events & Promotions in February
PrevNext
SuMoTuWeThFrSa
272829303112
3456789
10111213141516
17181920212223
242526272812
Open Detailed Calendar
  • Free GMAT RC Webinar

     February 23, 2019

     February 23, 2019

     07:00 AM PST

     09:00 AM PST

    Learn reading strategies that can help even non-voracious reader to master GMAT RC. Saturday, February 23rd at 7 AM PT
  • FREE Quant Workshop by e-GMAT!

     February 24, 2019

     February 24, 2019

     07:00 AM PST

     09:00 AM PST

    Get personalized insights on how to achieve your Target Quant Score.

If stock is sold three months after it is purchased, the formula above

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

 
Ryerson (Ted Rogers) Thread Master
User avatar
Joined: 27 Sep 2015
Posts: 57
Location: Canada
GMAT 1: 410 Q33 V13
WE: Management Consulting (Computer Software)
GMAT ToolKit User
If stock is sold three months after it is purchased, the formula above  [#permalink]

Show Tags

New post 26 Dec 2015, 10:43
3
00:00
A
B
C
D
E

Difficulty:

  5% (low)

Question Stats:

86% (01:50) correct 14% (01:58) wrong based on 130 sessions

HideShow timer Statistics

If stock is sold three months after it is purchased, the formula above relates p, d, s, and r, where p is the purchase price of the stock, d is the amount of any dividend received, s is the selling price of the stock, and r is the yield of the investment as a percent. If Rose purchased $400 worth of stock received a $5 dividend and sold the stock for $420, for three months after purchasing it, what was the yield of her investment, according to the formula? (Assuming she paid no commissions.)

Image

A. 1.25%
B. 5%
C. 6.25%
D. 20%
E. 25%

Attachment:
PS1167.jpg
PS1167.jpg [ 4.1 KiB | Viewed 3707 times ]

_________________

Discipline does not mean control. Discipline means having the sense to do exactly what is needed.

Senior Manager
Senior Manager
User avatar
Joined: 11 Nov 2014
Posts: 331
Location: India
Concentration: Finance, International Business
WE: Project Management (Telecommunications)
GMAT ToolKit User Premium Member
Re: If stock is sold three months after it is purchased, the formula above  [#permalink]

Show Tags

New post 02 Sep 2016, 04:47
400(5+420-400/400)

25%

E

Sent from my iPhone
Board of Directors
User avatar
P
Status: QA & VA Forum Moderator
Joined: 11 Jun 2011
Posts: 4391
Location: India
GPA: 3.5
WE: Business Development (Commercial Banking)
GMAT ToolKit User Premium Member CAT Tests
Re: If stock is sold three months after it is purchased, the formula above  [#permalink]

Show Tags

New post 02 Sep 2016, 04:56
RSOHAL wrote:
If stock is sold three months after it is purchased, the formula above relates p, d, s, and r, where p is the purchase price of the stock, d is the amount of any dividend received, s is the selling price of the stock, and r is the yield of the investment as a percent. If Rose purchased $400 worth of stock received a $5 dividend and sold the stock for $420, for three months after purchasing it, what was the yield of her investment, according to the formula? (Assuming she paid no commissions.)

Image

A. 1.25%
B. 5%
C. 6.25%
D. 20%
E. 25%


With paidlukkha

Answer will be undoubtedly be (E)

\(r\) = \(400\)\(\frac{(5 + 420 - 400 )}{400}\)

\(r\) = \(25\)%
_________________

Thanks and Regards

Abhishek....

PLEASE FOLLOW THE RULES FOR POSTING IN QA AND VA FORUM AND USE SEARCH FUNCTION BEFORE POSTING NEW QUESTIONS

How to use Search Function in GMAT Club | Rules for Posting in QA forum | Writing Mathematical Formulas |Rules for Posting in VA forum | Request Expert's Reply ( VA Forum Only )

Non-Human User
User avatar
Joined: 09 Sep 2013
Posts: 9893
Premium Member
Re: If stock is sold three months after it is purchased, the formula above  [#permalink]

Show Tags

New post 06 Feb 2019, 04:04
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
_________________

GMAT Books | GMAT Club Tests | Best Prices on GMAT Courses | GMAT Mobile App | Math Resources | Verbal Resources

GMAT Club Bot
Re: If stock is sold three months after it is purchased, the formula above   [#permalink] 06 Feb 2019, 04:04
Display posts from previous: Sort by

If stock is sold three months after it is purchased, the formula above

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


Copyright

GMAT Club MBA Forum Home| About| Terms and Conditions and Privacy Policy| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.