A stock is bought for $25.84 and sold for $26.44 a year later, immediately after it has paid a dividend of $4.59. What is the capital gain rate for this transaction?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter12: The Cost Of Capital
Section: Chapter Questions
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A stock is bought for $25.84 and sold for $26.44 a year later, immediately after it has
paid a dividend of $4.59. What is the capital gain rate for this transaction?
Transcribed Image Text:A stock is bought for $25.84 and sold for $26.44 a year later, immediately after it has paid a dividend of $4.59. What is the capital gain rate for this transaction?
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