Question 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 percent
Question 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 percent
Chapter2: The Domestic And International Financial Marketplace
Section: Chapter Questions
Problem 2P
Question
None
![Question
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 percent](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8c0ab8ae-eac3-40a7-81be-15ca583a9511%2F9a56ee7c-6893-4625-803e-7a398b477a2f%2Fh0cfpe_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question
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 percent
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![EBK CONTEMPORARY FINANCIAL MANAGEMENT](https://www.bartleby.com/isbn_cover_images/9781337514835/9781337514835_smallCoverImage.jpg)
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
![EBK CONTEMPORARY FINANCIAL MANAGEMENT](https://www.bartleby.com/isbn_cover_images/9781337514835/9781337514835_smallCoverImage.jpg)
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT