The Busby Corporation had a share price at the start of the year of $26.10, paid a dividend of $0.59 at the end of the year, and had a share price of $29.50 at the end of the year
Which of the following is closest to the rate of return of investments in companies with equal risk to The Busby Corporation for this period?
A) 14%
B) 13%
C) 12%
D) 15%
Answer: D
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Worthington Sailboats Company manufactures 100 luxury yachts per month
Included in each yacht is a compact media center. Worthington Sailboats manufactures the media center in-house. The company is considering the possibility of outsourcing the production of the media centers in order to close down some of its facilities and reduce the administrative costs. At present, the variable cost per unit is $275, and fixed costs are $44,000 per month. Assume that if it outsources, fixed costs could be reduced by 60%. The production manager advised the company to contract with a foreign supplier who offered a contract cost of $410 per unit. If it outsources the media center, how would that affect operating income? A) Operating income would improve by $12,900. B) Operating income would improve by $26,400. C) Operating income would decline by $12,900. D) Operating income would remain the same.
In Georgia, under certain circumstances a buyer of a condominium or timeshare may rescind the contract to purchase within how many days after entering into the contract?
A. 7 days B. 10 days. C. 30 days. D. 90 days.