Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Last year, you purchased 620 shares of Forever, Inc., stock at a price of $47.86 per share. You received $930 in dividends and a total
Last year, you purchased 620 shares of Forever, Inc., stock at a price of $47.86 per share. You received $930 in dividends and a total of $34,280 when you sold the stock. What was the capital gains yield on this stock?
14.33%
14.75%
13.31%
3.13%
15.53%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started