Common stock is held for two years, during which time it receives an annual dividend of $10.The stock was sold for $100 and generated an average annual return of 16 percent.What price was paid for the stock?
A)$61.60
B)$64.80
C)$88.00
D)$90.90 .32 =

Question

Quizplus · Accepted Answer

The Answer of Common stock is held for two years, during which time it receives an annual dividend of $10.The stock was sold for $100 and generated an average annual return of 16 percent.What price was paid for the stock?
A)$61.60
B)$64.80
C)$88.00
D)$90.90 .32 =

Common Stock Is Held for Two Years, During Which Time