Question
Last year, you purchased 200 shares of XYZ Co. stock for $81.76 a share. You just sold your shares at $90.45 per share. You have
Last year, you purchased 200 shares of XYZ Co. stock for $81.76 a share. You just sold your shares at $90.45 per share. You have received a total of $1200 in dividends during your holding period. Which of the following statements is NOT correct?
- Your total return on this investment is 17.97%.
- Your dividend yield is higher than the capital gains yield in this investment.
- Your dollar return on this investment is $2938.
- The dividend yield of your investment is 7.34%.
- You received $6 dividends per share.
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
978-0078025914
