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Suppose you purchased 1,000 shares of Pan Am Airlines at the beginning of the year for $15.08. By the end of the year, the stock

Suppose you purchased 1,000 shares of Pan Am Airlines at the beginning of the year for $15.08. By the end of the year, the stock price had appreciated to $18.79. At the end of the year, Pan Am paid a dividend of $1.02 per share. Calculate your capital gain on this investment over the year.

  • 24.60%

  • 24.46%

  • 23.45%

  • 23.78%

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