Hii expert please provide correct answer general Accounting question Today, you sold 800 shares of DeSoto, Inc., for $55.50a share. You bought the shares one year ago at a priceof $60.02 a share. Over the year, you received a total of$500 in dividends.What is your capital gains yield on this investment?

Step 1: Define Capital GainCapital gain is a profit made by selling a capital asset. Capital gain is…

Answered: Today, you sold 800 shares of DeSoto,…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter7: Common Stock: Characteristics, Valuation, And Issuance

Section: Chapter Questions

Problem 5P

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Today, you sold 800 shares of DeSoto, Inc., for $55.50 a share. You bought the shares one year ago at a price of $60.02 a share. Over the year, you received a total of $500 in dividends. What is your capital gains yield on this investment?