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Suppose you received a total of $1397 in dividends plus $14862 in proceeds from selling 450 shares of Apple Inc. that you had bought at $30.38 a share. What is your capital gains yield on this stock? a. 17.18% b. 7.90% c. 18.93% d. -1.51% e. 8.71%

Suppose you received a total of $1397 in dividends plus $14862 in proceeds from selling 450 shares of Apple Inc. that you had bought at $30.38 a share. What is your capital gains yield on this stock? a. 17.18% b. 7.90% c. 18.93% d. -1.51% e. 8.71%

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter15: Dividend Policy
Section: Chapter Questions
Problem 1P
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Suppose you received a total of $1397 in dividends plus $14862 in proceeds from selling 450 shares of Apple Inc. that you had bought at $30.38 a share. What is your capital gains yield on this stock? a. 17.18% b. 7.90% c. 18.93% d. -1.51% e. 8.71%
Transcribed Image Text:Suppose you received a total of $1397 in dividends plus $14862 in proceeds from selling 450 shares of Apple Inc. that you had bought at $30.38 a share. What is your capital gains yield on this stock? a. 17.18% b. 7.90% c. 18.93% d. -1.51% e. 8.71%
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