Question

Fifteen years ago, Asher bought four different stocks at their lowest price of the day. He purchased 57 shares of McDoe's at $78 per share; 78 shares of Younger, Inc. cost him $23 per share; 90 shares of Alfa Goods went for $86 per share; and 64 shares of Hooper, Rex, and Co. had a price of $69 per share. Today, he sold all of his shares in each company. He received $5,313 for McDoe's, with annual dividends of $12 per year, $2,776 for Younger, Inc, $9,657 for Alfa Goods, and $6,701 for Hooper, Rex, and Co. On which investment did Asher receive the greatest rate of return?

A. McDoe's

B. Younger, Inc.

C. Alfa Goods

D. Hooper, Rex, and Co.

Please help!!!!!! This is the last question before I'm done.

Answer 1

do you know what rate of return means?

Answer 2

I would suggest multiplying all the shares in the beginning together first if im correct.

Answer 3

This is what my mom instructed me to do. Does this look correct?

Answer 4

yes i assume so. though im not 100% sure. you can try it out though first and see what you get.

Answer 5

The correct answer was B.