FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUIZ Help Save & Exit You purchased GARP stock one year ago at a price of $6912 per share. Today, you sold your stock and

image text in transcribed
QUIZ Help Save & Exit You purchased GARP stock one year ago at a price of $6912 per share. Today, you sold your stock and earned a total return of 18.99 percent. The stock paid dividends of $3.12 per share over the year. What was the capital gains yield on your investment? Multiple Choice 17.72% 14.48% O 16.08%

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

Entrepreneurial Finance

Entrepreneurial Finance

Authors: Philip J. Adelman, Alan M. Marks

4th Edition

0132434792, 9780132434799

More Books

Students also viewed these Finance questions

Question

★★★★★
Use the monthly returns of the 5 companies you chose in the previous question to look at the return on an equally weighted portfolio of the 5 stocks (that is, a portfolio with equal investment in...

Answered: 1 week ago

Question

★★★★★
Which of the following accounts would appear only in an accrual basis accounting system, and which could appear in either a cash basis or an accrual basis accounting system? (a) Common Stock, (b)...

Answered: 1 week ago

Question

★★★★★
What types of experiences can hinder the normal progression of language development?

Answered: 1 week ago

Question

★★★★★
Describe four types of system maintenance and provide two examples of each type.

Answered: 1 week ago

Question

★★★★★
2. What are the 3 important dimensions of Globalization? Briefly explain each. 3. Provide 3 examples of ethical issues in Global Business and briefly explain each in your own words. 4. In you own...

Answered: 1 week ago

Question

★★★★★
Global Antibiotics Limited (GAL) manufactures antibiotics for medical facilities and pharmacies around the world. In the past few years, the company has been struggling to survive in a highly...

Answered: 1 week ago

Question

★★★★★
Case Study - Social-Emotional Development of Children Kathryn first used drugs knowingly when she was 12 years old. Her mother and uncle influenced her behaviour. She was only 16 when her daughter...

Answered: 1 week ago

Question

★★★★★
Taylor, a Scrum Master, was asked for their advice on how large a Scrum Team should be . . Which of these responses is correct? ? A ) ) The typical size of an effective Scrum Team is ten or fewer....

Answered: 1 week ago

Question

★★★★★
ABC Company has current assets of $100,000 and capital assets of $140,000. Current liabilities are $60,000 and long-term liabilities are $90,000. There is $40,000 in preferred stock outstanding and...

Answered: 1 week ago

Question

★★★★★
Tamarisk Corporation had income from continuing operations of $10,763,000 in 2025. During 2025, it disposed of its restaurant division at an after-tax loss of $201,600. Prior to disposal, the...

Answered: 1 week ago

Question

★★★★★
Bonita Corporation had income from continuing operations of $10,615,500 in 2025. During 2025, it disposed of its restaurant division at an after-tax loss of $191,900. Prior to disposal, the division...

Answered: 1 week ago

Question

★★★★★
A company produces lightbulbs whose life follows a normal distribution, with a mean of 1,200 hours and a standard deviation of 250 hours. If we choose a lightbulb at random, what is the probability...

Answered: 1 week ago

Question

★★★★★
5.18 Let the random variable Z follow a standard normal distribution. a. The probability is 0.70 that Z is less than what number? b. The probability is 0.25 that Z is less than what number? c. The...

Answered: 1 week ago

Question

★★★★★
5.23 Anticipated consumer demand in a restaurant for free-range steaks next month can be modeled by a normal random variable with mean 1,200 pounds and standard deviation 100 pounds. a. What is the...

Answered: 1 week ago

Previous Question Next Question