Today, you sold 950 shares of North wind Motors Inc. stock for $48.90 per share. You bought the shares one year ago at a price of $53.40 per share. Over the year, you received a total of $425 in dividends. What is your capital gains yield on this investment?
Today, you sold 950 shares of North wind Motors Inc. stock for $48.90 per share. You bought the shares one year ago at a price of $53.40 per share. Over the year, you received a total of $425 in dividends. What is your capital gains yield on this investment?
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 5P
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Financial Accounting

Transcribed Image Text:Today, you sold 950 shares of North wind Motors Inc.
stock for $48.90 per share. You bought the shares one
year ago at a price of $53.40 per share. Over the year,
you received a total of $425 in dividends. What is your
capital gains yield on this investment?
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