Suppose you invested $92 in the shares High Yield Fund (HYG) a month ago. It paid a dividend of $0.51 today and then you sold it for $93. What was your dividend yield and capital gains yield on the investment? A. 1.09%, 1.2% B. 0.53%, 1.14% C. 0.55%, 1.09% D. 0.55%, 1.14%
Suppose you invested $92 in the shares High Yield Fund (HYG) a month ago. It paid a dividend of $0.51 today and then you sold it for $93. What was your dividend yield and capital gains yield on the investment? A. 1.09%, 1.2% B. 0.53%, 1.14% C. 0.55%, 1.09% D. 0.55%, 1.14%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Do fast answer of this general accounting question

Transcribed Image Text:Suppose you invested $92 in the shares High Yield
Fund (HYG) a month ago. It paid a dividend of $0.51
today and then you sold it for $93.
What was your dividend yield and capital gains yield
on the investment?
A. 1.09%, 1.2%
B. 0.53%, 1.14%
C. 0.55%, 1.09%
D. 0.55%, 1.14%
Expert Solution

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

Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education