Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consider the following price and dividend data for Quicksilver Inc.: Date Price ($) Dividend ($) December 31, 2004 $14.01 January 26, 2005 $13.47 $0.13 April

Consider the following price and dividend data for Quicksilver Inc.:

Date

Price ($)

Dividend ($)

December 31, 2004

$14.01

January 26, 2005

$13.47

$0.13

April 28, 2005

$9.14

$0.13

July 29, 2005

$10.74

$0.13

October 28, 2005

$8.02

$0.13

December 30, 2005

$7.72

Assume that you purchased Quicksilver's 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 ________.

A) 0.93%

B) 1.02%

C) -3.85%

D) -2.93%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Market Takers Edge Insider Strategies From The Options Trading Floor

Authors: Dan Passarelli

1st Edition

007175492X,0071754946

More Books

Students also viewed these Finance questions