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One year ago, you bought a stock for $36.48 a share. You received a dividend of $1.62 per share last month and the stock today for $40.18 a share. What is the capital gains yield on this investment? A. 2.86 percent B. 3.70 percent C. 10.14 percent D. 12.29 percent E. 14.58 percent

One year ago, you bought a stock for $36.48 a share. You received a dividend of $1.62 per share last month and the stock today for $40.18 a share. What is the capital gains yield on this investment? A. 2.86 percent B. 3.70 percent C. 10.14 percent D. 12.29 percent E. 14.58 percent

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, you bought a stock for $36.48 a share. You received a dividend of $1.62 per share last month and the stock today for $40.18 a share. What is the capital gains yield on this investment? A. 2.86 percent B. 3.70 percent C. 10.14 percent D. 12.29 percent E. 14.58 percent
Transcribed Image Text:One year ago, you bought a stock for $36.48 a share. You received a dividend of $1.62 per share last month and the stock today for $40.18 a share. What is the capital gains yield on this investment? A. 2.86 percent B. 3.70 percent C. 10.14 percent D. 12.29 percent E. 14.58 percent
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