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One year ago, Stacey purchased 100 shares of KNF stock for $3,245. Today, she sold those shares for $35.00 per share. What is the capital gains yield on this investment if the dividend yield is 1.4 percent? a) 7.11 percent b) 7.86 percent c) 5.96 percent d) -7.29 percent e) -7.86 percen

One year ago, Stacey purchased 100 shares of KNF stock for $3,245. Today, she sold those shares for $35.00 per share. What is the capital gains yield on this investment if the dividend yield is 1.4 percent? a) 7.11 percent b) 7.86 percent c) 5.96 percent d) -7.29 percent e) -7.86 percen

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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One year ago, Stacey purchased 100 shares of KNF stock for $3,245. Today, she sold those shares for $35.00 per share. What is the capital gains yield on this investment if the dividend yield is 1.4 percent? a) 7.11 percent b) 7.86 percent c) 5.96 percent d) -7.29 percent e) -7.86 percen
Transcribed Image Text:One year ago, Stacey purchased 100 shares of KNF stock for $3,245. Today, she sold those shares for $35.00 per share. What is the capital gains yield on this investment if the dividend yield is 1.4 percent? a) 7.11 percent b) 7.86 percent c) 5.96 percent d) -7.29 percent e) -7.86 percen
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