1.

Assume that you purchased Ford Motor Company stock at the closing price on December 31, 2004 and sold it after the dividend had been paid at the closing price on January 26, 2005. Your capital gains rate (yield) for this period is closest to:

Date	Price ($)	Dividend ($)
December 31, 2004	$14.64
January 26, 2005	$13.35	$0.10
April 28, 2005	$9.14	$0.10
July 29, 2005	$10.74	$0.10
October 28, 2005	$8.02	$0.10
December 30, 2005	$7.72

Question 1 options:

	0.70%
	0.75%
	-8.80%
	-8.15%