Today, you sold 850 shares of Silver Line Automotive Corp. stock for $52.75 per share. You bought the shares one year ago at a price of $47.50 per share. Over the year, you received a total of $390 in dividends. What is your Capital Gains Yield on this investment?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
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Can you solve this financial accounting problem using accurate calculation methods?

Today, you sold 850 shares of Silver Line Automotive Corp.
stock for $52.75 per share. You bought the shares one year
ago at a price of $47.50 per share. Over the year, you received
a total of $390 in dividends.
What is your Capital Gains Yield on this investment?
Transcribed Image Text:Today, you sold 850 shares of Silver Line Automotive Corp. stock for $52.75 per share. You bought the shares one year ago at a price of $47.50 per share. Over the year, you received a total of $390 in dividends. What is your Capital Gains Yield on this investment?
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