None Titan Resources Inc. will pay an annual dividend of $3.00per share next year and currently sells for $60 a sharebased on a market rate of return of 11.50%. What is thecapital gains yield?A. 6.50 percentB. 8.00 percentC. 9.50 percentD. 5.17 percentE. 3.75 percent

Dividend Yield = Dividend Per Share/Share PriceDividend Yield = 3/60Dividend Yield = 5% Capital Gain…

Answered: Titan Resources Inc. will pay an annual…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter7: Common Stock: Characteristics, Valuation, And Issuance

Section: Chapter Questions

Problem 3P

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Titan Resources Inc. will pay an annual dividend of $3.00 per share next year and currently sells for $60 a share based on a market rate of return of 11.50%. What is the capital gains yield? A. 6.50 percent B. 8.00 percent C. 9.50 percent D. 5.17 percent E. 3.75 percent