Assume the Plum Corporation has two different issues of common stock. One issue carries voting rights, and the other issue does not. In this situation, Plum is said to have issued

Which of the following is not a liability?

a. Account payable b. Note payable c. Short term loan d. Long term loan e. Short term investment

Last year, Mike bought 100 shares of Dallas Corporation common stock for $53 per share. During the year he received dividends of $1.45 per share. The stock is currently selling for $60 per share. What rate of return did Mike earn over the year?

A) 11.7 percent B) 13.2 percent C) 14.1 percent D) 15.9 percent