Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose a stock had an initial price of $76 per share, paid a dividend of $1.42 per share during the year, and had an ending
Suppose a stock had an initial price of $76 per share, paid a dividend of $1.42 per share during the year, and had an ending share price of $81. What was the capital gains yield?
a. 6.17 percent
b. 6.69 percent
c. 7.05 percent
d. 6.58 percent
e. 5.44 percent
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