Lucas purchased a stock for $55.32 per share and sold it one year later for $57.01 per share. He also received a dividend of $1.45 per share. What was his capital gains yield?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter7: Stocks (equity) - Characterstics And Valuation
Section: Chapter Questions
Problem 2PROB
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Lucas purchased a stock for $55.32 per
share and sold it one year later for $57.01
per share. He also received a dividend of
$1.45 per share. What was his capital
gains yield?
Transcribed Image Text:Lucas purchased a stock for $55.32 per share and sold it one year later for $57.01 per share. He also received a dividend of $1.45 per share. What was his capital gains yield?
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