Homework Help is Here – Start Your Trial Now!
Business
Accounting
Alex purchased a stock for $78.50 a share and sold it one year later for $81.72 a share. He also received a dividend of $1.60 per share. What was his capital gains yield? a. 4.10% b. 6.14% c. 4.89% d. 2.04% e. 3.17%

Alex purchased a stock for $78.50 a share and sold it one year later for $81.72 a share. He also received a dividend of $1.60 per share. What was his capital gains yield? a. 4.10% b. 6.14% c. 4.89% d. 2.04% e. 3.17%

EBK CFIN
EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter5: The Cost Of Money (interest Rates)
Section: Chapter Questions
Problem 2PROB
See similar textbooks
icon
Related questions
Question
100%

General accounting

Alex purchased a stock for $78.50 a share and sold it one year later for $81.72 a share. He also received a dividend of $1.60 per share. What was his capital gains yield? a. 4.10% b. 6.14% c. 4.89% d. 2.04% e. 3.17%
Transcribed Image Text:Alex purchased a stock for $78.50 a share and sold it one year later for $81.72 a share. He also received a dividend of $1.60 per share. What was his capital gains yield? a. 4.10% b. 6.14% c. 4.89% d. 2.04% e. 3.17%
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer