One year ago, you purchased 300 shares of stock at a cost of $7,521. The stock paid an annual dividend of $1.20 per share. Today, you sold those shares for $28.10 each. What is the capital gains yield on this investment?
One year ago, you purchased 300 shares of stock at a cost of $7,521. The stock paid an annual dividend of $1.20 per share. Today, you sold those shares for $28.10 each. What is the capital gains yield on this investment?
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 5P
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What is the
Transcribed Image Text:One year ago, you purchased 300 shares of stock at a cost
of $7,521. The stock paid an annual dividend of $1.20 per
share. Today, you sold those shares for $28.10 each. What
is the capital gains yield on this investment?
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