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26 Dec 2015, 11:43
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Bookmarks
E
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
5%
(low)
Question Stats:
91% (01:37) correct
9%
(02:06)
wrong
based on 1565
sessions
History
Date
Time
Result
Not Attempted Yet
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.)
A. 1.25%
B. 5%
C. 6.25%
D. 20%
E. 25%
PS1167.jpg [ 4.1 KiB | Viewed 23478 times ]
A. 1.25%
B. 5%
C. 6.25%
D. 20%
E. 25%
Attachment:
PS1167.jpg [ 4.1 KiB | Viewed 23478 times ]
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paidlukkha
Joined: 11 Nov 2014
Last visit: 21 Apr 2017
Posts: 248
Own Kudos:
Given Kudos: 17
Location: India
Concentration: Finance, International Business
Schools: ISB '18 Great Lakes '18 SPJ PGPM"17 LBS '18 NTU '18 NUS '18
WE:Project Management (Telecommunications)
02 Sep 2016, 05:47
Kudos
Bookmarks
400(5+420-400/400)
25%
E
Sent from my iPhone
25%
E
Sent from my iPhone
02 Sep 2016, 05:56
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Bookmarks
RSOHAL
With paidlukkha
Answer will be undoubtedly be (E)
\(r\) = \(400\)\(\frac{(5 + 420 - 400 )}{400}\)
\(r\) = \(25\)%
