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David purchased a stock for $78.25 a share and sold it one year later for $82.40 a share. He also received a dividend of $2.15 per share. What was his capital gains yield? a. 3.49% b. 5.30% c. 8.05% d. 6.27% e. 5.62%

David purchased a stock for $78.25 a share and sold it one year later for $82.40 a share. He also received a dividend of $2.15 per share. What was his capital gains yield? a. 3.49% b. 5.30% c. 8.05% d. 6.27% e. 5.62%

EBK CFIN
EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter5: The Cost Of Money (interest Rates)
Section: Chapter Questions
Problem 2PROB
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David purchased a stock for $78.25 a share and sold it one year later for $82.40 a share. He also received a dividend of $2.15 per share. What was his capital gains yield? a. 3.49% b. 5.30% c. 8.05% d. 6.27% e. 5.62%
Transcribed Image Text:David purchased a stock for $78.25 a share and sold it one year later for $82.40 a share. He also received a dividend of $2.15 per share. What was his capital gains yield? a. 3.49% b. 5.30% c. 8.05% d. 6.27% e. 5.62%
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