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John purchased a stock for $55.50 per share and sold it one year later for $56.80 per share. He also received a dividend of $1.50 per share. What was his capital gains yield? A) 2.36% B) 2.42% C) 2.33% D) 2.59%

John purchased a stock for $55.50 per share and sold it one year later for $56.80 per share. He also received a dividend of $1.50 per share. What was his capital gains yield? A) 2.36% B) 2.42% C) 2.33% D) 2.59%

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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What was his capital gains yield?

John purchased a stock for $55.50 per share and sold it one year later for $56.80 per share. He also received a dividend of $1.50 per share. What was his capital gains yield? A) 2.36% B) 2.42% C) 2.33% D) 2.59%
Transcribed Image Text:John purchased a stock for $55.50 per share and sold it one year later for $56.80 per share. He also received a dividend of $1.50 per share. What was his capital gains yield? A) 2.36% B) 2.42% C) 2.33% D) 2.59%
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