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16 Apr 2024, 01:30
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B
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
25%
(medium)
Question Stats:
78% (01:01) correct
22%
(00:56)
wrong
based on 49
sessions
History
Date
Time
Result
Not Attempted Yet
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.
(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.
16 Apr 2024, 05:18
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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
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
16 Apr 2024, 11:30
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Edoua
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
