Sid bought shares in an office supply company for $50 a share in October 2016. Theshares paid semi-annual dividends of $12 per share and he sold the shares for $65each in April 2017. Find:a) Income Amountb) Income Yieldc) Capital Gain Yieldc) Rate of Return on the InvestmentRound your final answers to two decimals, if needed.Page 10 of 16

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Sid bought shares in an office supply company for $50 a share in Octol shares paid semi-annual dividends of $12 per share and he sold the sha each in April 2017. Find: a) Income Amount b) Income Yield c) Capital Gain Yield c) Rate of Return on the Investment

Sid bought shares in an office supply company for $50 a share in Octol shares paid semi-annual dividends of $12 per share and he sold the sha each in April 2017. Find: a) Income Amount b) Income Yield c) Capital Gain Yield c) Rate of Return on the Investment

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.

Question

100%

Sid bought shares in an office supply company for $50 a share in October 2016. The
shares paid semi-annual dividends of $12 per share and he sold the shares for $65
each in April 2017. Find:
a) Income Amount
b) Income Yield
c) Capital Gain Yield
c) Rate of Return on the Investment
Round your final answers to two decimals, if needed.
Page 10 of 16

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