One year ago, you purchased 1,000 shares of Orion AeroTech Inc. stock at $45.00 per share. Today, you sold all your shares at a price of $48.20 per share. Over the year, you also received $600 in total dividends. What is your capital gains yield on this investment?
One year ago, you purchased 1,000 shares of Orion AeroTech Inc. stock at $45.00 per share. Today, you sold all your shares at a price of $48.20 per share. Over the year, you also received $600 in total dividends. What is your capital gains yield on this investment?
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 5P
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What is your capital gains yield on this investment for this financial accounting question?

Transcribed Image Text:One year ago, you purchased 1,000 shares of Orion AeroTech Inc.
stock at $45.00 per share. Today, you sold all your shares at a price of
$48.20 per share. Over the year, you also received $600 in total
dividends.
What is your capital gains yield on this investment?
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