【每日一练】ACCA F9( Dec 2014)
Please use the space provided on the inside cover of the Candidate Answer Booklet to indicate your chosen answer to each multiple choice question.
Each question is worth 2 marks
TKQ Co has just paid a dividend of 21 cents per share and its share price one year ago was $3·10 per share. The total shareholder return for the year was 19·7%.
What is the current share price?
A $3·50
B $3·71
C $3·31
D $3·35
Answer:
A
Monetary value of return = $3·10 x 1·197 = $3·71
Current share price = $3·71 – $0·21 = $3·50
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