What is the percentage return on a stock that was purchased for $44.00, paid no dividend after one year, and was then sold for $41.00?

a. 20.45%
b. 13.64%
c. -6.82%
d. 6.82%

Ans: c. -6.82%

Business

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In the event a buyer of a single-family, owner-occupied residence defaults under a purchase contract in which both parties had initialed the Liquidated Damages Clause, the maximum the seller can retain would be:

a. 50% of the deposit, not to exceed 2 1/2% of the purchase price. b. 3% of the purchase price, not to exceed the amount of deposit. c. the entire deposit, regardless of the amount. d. nothing.

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Adhering to judicial precedent is known as:

A) Res ipsa loquitur. B) Caveat emptor. C) Stare decisis. D) Quid pro quo.

Business