You bought a Golden Glove Co. share for $50.75 at the beginning of the year. During the year, the share paid a $3.00 dividend, and at the end of the year, it traded at $63.20. What is the capital gain on your share investment?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
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Chapter15: Dividend Policy
Section: Chapter Questions
Problem 5P
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What is the capital gain on your share investment for these general accounting question?

You bought a Golden Glove Co. share for
$50.75 at the beginning of the year. During
the year, the share paid a $3.00 dividend, and
at the end of the year, it traded at $63.20.
What is the capital gain on your share
investment?
Transcribed Image Text:You bought a Golden Glove Co. share for $50.75 at the beginning of the year. During the year, the share paid a $3.00 dividend, and at the end of the year, it traded at $63.20. What is the capital gain on your share investment?
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