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

Question

1 Approved Answer

Today, you sold 540 shares of stock and realized a total return of73 percent, You purchased the shares one vear ago at a price of

image text in transcribed
Today, you sold 540 shares of stock and realized a total return of73 percent, You purchased the shares one vear ago at a price of $24 a share and have received a total of $86 in dividends What is your capital gains yield on this investment? Multiple Choice 568 percent 664 percen 639 percent 726 percenn 741 percen

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

Stock Market Investing For Beginners

Stock Market Investing For Beginners

Authors: Andrew P.C.

1st Edition

1549522132, 978-1549522130

More Books

Students also viewed these Finance questions

Question

★★★★★
Hayward Corporation had net income of $50,000 for the year ended December 31, 2017, and weighted average number of common shares outstanding of 10,000. The following information is provided regarding...

Answered: 1 week ago

Question

★★★★★
32. FILE Ac ce s s th e data labe led R e n ta l s o n th e te x t w e b s i t e that inc lude s mon th ly rents o f a tw o -b e d r o om ap a r tmen t in tw o c amp u s towns : Ann Arbor, Michigan,...

Answered: 1 week ago

Question

★★★★★
4. Imagine that you are a psychologist who has recently diagnosed a 15-year-old girl with MDD. Her parents want to know whether antidepressant medication might help her overcome her mood problems and...

Answered: 1 week ago

Question

★★★★★
CVP analysis, multiple cost drivers Susan Wong is a distributor of brass picture frames. For 2008, she plans to purchase frames for $30 each and sell them for $45 each. Susans fixed costs are...

Answered: 1 week ago

Question

★★★★★
Assume there are three projects. The IRR of project A is 14%, the IRR of project B is 18%, the IRR of project C is 22%. Given the discount rate of 8%, the NPVs of all three projects are equal, at...

Answered: 1 week ago

Question

★★★★★
Walt's manufactures and sells customized work clothes and uniforms. Following is a list of accounts receivable as of December 31, 2019. I-07.04 Walt's manufactures and sells customized work clothes...

Answered: 1 week ago

Question

★★★★★
An aluminium rod is a total of 900mm long and 50mm in diameter. Part of this bar is turned down to 40mm diameter for a length of 50mm each end. Calculate the total elongation when subjected to an...

Answered: 1 week ago

Question

★★★★★
Mr. Manalo opened a mini grocery store with Business name Manalo Trading. Operations began on April 1, 2021, and the following transactions were completed during the month: 1 Mr. Manalo withdrew...

Answered: 1 week ago

Question

★★★★★
Sharon contributes 5% of her annual earnings of $40,000.00 to her defined contribution pension plan. Her employer matches her contributions. Calculate Sharon's pension adjustment

Answered: 1 week ago

Question

★★★★★
Complete business activity and instalment activity statements in Australia Swanston Enterprises report GST quarterly on a cash basis. They had the following account balances (on a cash basis) for the...

Answered: 1 week ago

Question

★★★★★
14. A cylinder whose radius is 2 inches is removed from the right prism as shown. The ends of the prism have the shape of an equilateral triangle whose sides are 8 inches long. Find the volume of the...

Answered: 1 week ago

Question

★★★★★
7. Identify four antecedents that influence intercultural contact.

Answered: 1 week ago

Question

★★★★★
10. Describe a dialectic perspective in negotiating personal histories.

Answered: 1 week ago

Question

★★★★★
5. Describe the relationship between history and identity.

Answered: 1 week ago

Previous Question Next Question