Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 31, 2024

One year ago, you purchased a stock at a price of $40 a share. Today, you sold the stock and realized a total return of

One year ago, you purchased a stock at a price of $40 a share. Today, you sold the stock and realized a total return of 30%. your capital gain was $8 a share. What was your capital gains yield on the stock?

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

Recommended Textbook for

International Financial Management

Authors: Jeff Madura, Roland Fox

4th Edition

147372550X, 9781473725508

More Books

Students also viewed these Finance questions

Question

★★★★★

Refer to Exercise 29 and respond to the following requirements. Required: 1. If Microchip's accountant employed reversing entries for prepayments, which transactions would be affected? 2. Prepare the...

Answered: 1 week ago

Question

★★★★★

Module 2 Q1. Define the following terms: a. Toxic: b. Acute hazard: c. Chronic hazard: d. Corrosive: e. Concentration: f. Flash point: g. Flammable substance: h. Combustible substance: i. Spontaneous...

Answered: 1 week ago

Question

★★★★★

The number of burglaries in a city is thought to have a Poisson distribution, and it is known that the mean of this distribution is three burglaries per week. (i) What is the probability that in a...

Answered: 1 week ago

Question

★★★★★

The following information pertains to peak heights company: Required: Present the operation activities section of the statement of cash flows for peak heights company using the indirectmethod. Income...

Answered: 1 week ago

Question

★★★★★

thats all info thanks Cansela Corporation reports inventory and cost of goods sold based on calculations from a LIFO periodic inventory system. The company began 2024 with inventory of 6,400 units of...

Answered: 1 week ago

Question

★★★★★

You have just been assigned to provide client services to the following entities. For each, identify three resources you could consult in order to better understand the company's business model and...

Answered: 1 week ago

Question

★★★★★

A golf ball manufacturer knows the cost associated with various hourly production levels, given below. Production Costs for Golf Balls Production (hundred balls b) 2 5 C(b) 8 = 11 14 17 20 Cost...

Answered: 1 week ago

Question

★★★★★

The Integral Test enables us to bound the error approximation of the series 1 n=3 n (Inn)3 by the partial sum 8 = $20 20 1 n=3 n (Inn)3 What upper bound does it yield for the error s - 820 ? Give...

Answered: 1 week ago

Question

★★★★★

Macmillan Learning The motion y(x, t) of a vibrating system is described by y(x,t) = Age at sin(kx - cot) where x denotes a distance in meters and denotes a time in seconds. Denoting units with...

Answered: 1 week ago

Question

★★★★★

A certain skincare company's profit in millions of dollars, P(t), can be modeled by the polynomial function P(t) = -2t +8t2 + 2t, where t represents the number of skincare items produced, in...

Answered: 1 week ago

Question

★★★★★

Complete the equation for the piecewise function graphed below. ao -7 -6 -5 -4 -3 -2 -1 { f(x) = { 6 + 5 4 { -2 -3 -4 {3 6 if 6 x 3 if 3 Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

=+To whom did you send the letter? even though the second one is proper English. You want to connect to the audience, not sound stuffy and affected. Some slogans use incorrect spelling or improper...

Answered: 1 week ago

Question

★★★★★

=+14. Use a button This is a clever closing line that does not refer back to the headline. It can be a pun or a witty line that makes the reader smile.

Answered: 1 week ago

Question

★★★★★

=+15. Rewrite until it's right Don't be satisfied with your first effort. Look the copy over. Is it wordy? Vague? Hard to read? Too complex? Take out superfluous words and unnecessary phrases. Then,...

Answered: 1 week ago

Previous Question Next Question