Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You purchased 20.00 shares of Bank of America one year ago for $8.88 per share. Today, one share trades for $9.02 and paid a dividend

You purchased 20.00 shares of Bank of America one year ago for $8.88 per share. Today, one share trades for $9.02 and paid a dividend of $1.24 per share.

What is the capital gain rate from holding the stock the past year?

What is the dividend yield from holding the stock the past year?

What is the total return for holding the stock the past year?

Based on your number of shares purchased, what is the total dollar return of your investment?

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

Routledge Handbook Of Financial Technology And Law

Authors: Iris Chiu, Gudula Deipenbrock

1st Edition

0367344149, 978-0367344146

More Books

Students also viewed these Finance questions

Question

What is meant by systematic and unsystematic risk?

Answered: 1 week ago

Question

Apply your own composing style to personalize your messages.

Answered: 1 week ago

Question

Format memos and e-mail properly.

Answered: 1 week ago