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Maria purchased a stock for $42.67 a share and sold it one year later for $43.89 a share. She also received a dividend of $1.20 per share. What was her capital gains yield? a. 5.51% b. 2.34% c. 2.86% d. 5.67% e. 4.99%

Maria purchased a stock for $42.67 a share and sold it one year later for $43.89 a share. She also received a dividend of $1.20 per share. What was her capital gains yield? a. 5.51% b. 2.34% c. 2.86% d. 5.67% e. 4.99%

EBK CFIN
EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter5: The Cost Of Money (interest Rates)
Section: Chapter Questions
Problem 3PROB
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Maria purchased a stock for $42.67 a share and sold it one year later for $43.89 a share. She also received a dividend of $1.20 per share. What was her capital gains yield? a. 5.51% b. 2.34% c. 2.86% d. 5.67% e. 4.99%
Transcribed Image Text:Maria purchased a stock for $42.67 a share and sold it one year later for $43.89 a share. She also received a dividend of $1.20 per share. What was her capital gains yield? a. 5.51% b. 2.34% c. 2.86% d. 5.67% e. 4.99%
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