Today, you sold 800 shares of Sky High Inc. stock for $57.80 per share. You bought the shares one year ago at a price of $61.50 per share. Over the year, you received a total of $500 in dividends. What is your capital gains yield on this investment?
Today, you sold 800 shares of Sky High Inc. stock for $57.80 per share. You bought the shares one year ago at a price of $61.50 per share. Over the year, you received a total of $500 in dividends. What is your capital gains yield on this investment?
Chapter2: The Domestic And International Financial Marketplace
Section: Chapter Questions
Problem 2P
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Transcribed Image Text:Today, you sold 800 shares of Sky High Inc. stock for $57.80
per share. You bought the shares one year ago at a price of
$61.50 per share. Over the year, you received a total of $500
in dividends. What is your capital gains yield on this
investment?
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