Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mark boug ht XYZ sto ck for $20 at the beginning of the year and sold it a year later and incurred a capital gain

Mark boug ht XYZ sto ck for $20 at the beginning of the year and sold it a year later and incurred a capital gain of $2. The stock usually pays dividends of $1.50 per year but Mark received a dividend of $0.75 during the year. What was the rate of return for this stock over the past year? 17.50%. 13.75%. 9.09% 7.50%

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

Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

22nd Edition

324401841, 978-0-324-6250, 0-324-62509-X, 978-0324401844

More Books

Students also viewed these Accounting questions

Question

What has been your desire for leadership in CVS Health?

Answered: 1 week ago

Question

Question 5) Let n = N and Y Answered: 1 week ago

Answered: 1 week ago