Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You purchased GARP stock one year ago at a price of $64.19 per share. Today, you sold your stock and earned a total return of

You purchased GARP stock one year ago at a price of $64.19 per share. Today, you sold your stock and earned a total return of 18.31 percent. The stock paid dividends of $2.44 per share over the year. What was the capital gains yield on your investment?

14.51%

18.31%

13.19%

16.12%

17.09%

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_2

Step: 3

blur-text-image_3

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

Personal Financial Planning

Authors: Lawrence J. Gitman, Michael D. Joehnk

11th Edition

0324422865, 978-0324422863

More Books

Students also viewed these Finance questions

Question

Godfreys target selling price per hour is: c) 50.88

Answered: 1 week ago

Question

=+a) What were the subjects?

Answered: 1 week ago