Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

One year ago, you bought a stock for $36.48 a share. You received a dividend of $1.62 per share last month and sold the stock

One year ago, you bought a stock for $36.48 a share. You received a dividend of $1.62 per share last month and sold the stock today for $41.18 a share. What is the capital gains yield on this investment?

A. 2.86 percent

B. 4.70 percent

C. 12.88 percent

D. 15.62 percent

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

Students also viewed these Finance questions