Greg purchased 2,000 shares of common stock of the Rite Track Corporation last year. He learned several months later that the stock does not pay a dividend. Greg should proceed to
A) hire an attorney and file a lawsuit.
B) hire an attorney and go after the registered representative that brokered the trade.
C) do the proper research before he invests.
D) immediately proceed to sell the shares.

Question

Quizplus · Accepted Answer

The investor bought several shares of what is probably a growth stock. Prior to investing, it is important to research and determine a historical view of the stock of interest. Many stocks are only purchased for growth, while others are purchased for growth and income.

Greg Purchased 2,000 Shares of Common Stock of the Rite