Question

An investor pays $63.00 per share for stock in a given REIT. The REIT declares a dividend of $4.00 per share and has an EPS of $2.37. Considering the recovery of capital (ROC), what is the new cost basis of the stock acquired by the investor?

A) $60.63

B) $61.37

C) $63.00

D) $64.63

Answer

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