Suppose a stock had an initial price of $47 per share, paid a dividend of $0.63 per share during the year, and had an ending share price of $38. What was the capital gains yield? a) 20.31 percent b) -23.68 percent c) -19.15 percent d) -18.53 percent e) 17.39 percent

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...
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What was the capital gains yield on these financial accounting question?

Suppose a stock had an initial price of $47 per
share, paid a dividend of $0.63 per share during the
year, and had an ending share price of $38. What
was the capital gains yield?
a) 20.31 percent
b) -23.68 percent
c) -19.15 percent
d) -18.53 percent
e) 17.39 percent
Transcribed Image Text:Suppose a stock had an initial price of $47 per share, paid a dividend of $0.63 per share during the year, and had an ending share price of $38. What was the capital gains yield? a) 20.31 percent b) -23.68 percent c) -19.15 percent d) -18.53 percent e) 17.39 percent
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