Answered: Remo Corp's shares are currently…

Remo Corp's shares are currently selling for $42 each. You bought 150 shares one year ago at $38 and received dividend payments of $1.50 per share. What was your percentage capital gain this year?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter8: Basic Stock Valuation

Section: Chapter Questions

Problem 1P: Thress Industries just paid a dividend of 1.50 a share (i.e., D0 = 1.50). The dividend is expected...

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Question

Please provide answer

Remo Corp's shares are currently selling for
$42 each. You bought 150 shares one year
ago at $38 and received dividend payments
of $1.50 per share.
What was your percentage capital gain this
year?

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