Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You bought a stock one year ago for $51.03 per share and sold it today for $59.16 per share. It paid a $1.97 per

image text in transcribed

You bought a stock one year ago for $51.03 per share and sold it today for $59.16 per share. It paid a $1.97 per share dividend today. How much of the return came from dividend yield and how much came from capital gain? The return that came from dividend yield is %. (Round to one decimal place.) The return that came from capital gain is %. (Round to one decimal place.)

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

Managerial Accounting Decision Making and Motivating Performance

Authors: Srikant M. Datar, Madhav V. Rajan

1st edition

132816245, 9780132816243, 978-0137024872

More Books

Students also viewed these Accounting questions

Question

(4) How should I spend my time?

Answered: 1 week ago

Question

* explore the nature and practices of selection decision making;

Answered: 1 week ago