Question
An investor receives a 20% total return by purchasing a stock for $35 and selling it after one year with a 12% capital gain. How
An investor receives a 20% total return by purchasing a stock for $35 and selling it after one year with a 12% capital gain. How much was received in dividend income during the year, and what's the dividend yield?
Multiple Choice
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Dividend: $2.80; Dividend yield: 8.00%
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Dividend: $2.24; Dividend yield: 9.60%
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Dividend: $3.36; Dividend yield: 9.60%
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Dividend: $4.20; Dividend yield: 8.00%
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Financial Accounting The Impact On Decision Makers
Authors: Gary A Porter, Curtis L Norton
7th Edition
1439080526, 9781439080528
