One year ago, you bought a stock for $45.20 per share. You received a dividend of $2.50 per share last month and the stock today is worth $50.10 a share. What is the capital gains yield on this investment? a. 3.00 percent b. 7.23 percent c. 10.84 percent d. 4.35 percent

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 5P
icon
Related questions
Question

Please give me true answer this financial accounting question

One year ago, you bought a stock for $45.20 per share. You received a dividend of $2.50
per share last month and the stock today is worth $50.10 a share. What is the capital gains
yield on this investment?
a. 3.00 percent
b. 7.23 percent
c. 10.84 percent
d. 4.35 percent
Transcribed Image Text:One year ago, you bought a stock for $45.20 per share. You received a dividend of $2.50 per share last month and the stock today is worth $50.10 a share. What is the capital gains yield on this investment? a. 3.00 percent b. 7.23 percent c. 10.84 percent d. 4.35 percent
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT