A stock had an initial price of $40 per share, paid a dividend of $1.20 per share during the year, and had an ending share price of $46. Calculate: a) The dividend yield b) The capital gains yield (Round answers to 2 decimal places)

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
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Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...
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Financial accounting

A stock had an initial price of $40 per share, paid a
dividend of $1.20 per share during the year, and had
an ending share price of $46. Calculate: a) The
dividend yield b) The capital gains yield (Round
answers to 2 decimal places)
Transcribed Image Text:A stock had an initial price of $40 per share, paid a dividend of $1.20 per share during the year, and had an ending share price of $46. Calculate: a) The dividend yield b) The capital gains yield (Round answers to 2 decimal places)
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