You just purchased a share of SPCC for $102. You expect to receive a dividend of $7 in one year. If you expect the price after the dividend is paid to be $114, what total return will you have earned over the year? What was your dividend yield? Your capital gain rate? The total return you will have earned over the year is %. (Round to two decimal places.)
You just purchased a share of SPCC for $102. You expect to receive a dividend of $7 in one year. If you expect the price after the dividend is paid to be $114, what total return will you have earned over the year? What was your dividend yield? Your capital gain rate? The total return you will have earned over the year is %. (Round to two decimal places.)
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
8th Edition
ISBN:9781285065137
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter8: Risk And Rates Of Return
Section: Chapter Questions
Problem 6DQ
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![You just purchased a share of SPCC for $102. You expect to receive a dividend of $7 in one year. If you expect
the price after the dividend is paid to be $114, what total return will you have earned over the year? What was
your dividend yield? Your capital gain rate?
The total return you will have earned over the year is %. (Round to two decimal places.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F962e65d5-cde5-468f-9b9d-41b019bba6ab%2F0a8e22d3-fd38-491f-9f2b-94ac3b76db8c%2F9du6spw_processed.png&w=3840&q=75)
Transcribed Image Text:You just purchased a share of SPCC for $102. You expect to receive a dividend of $7 in one year. If you expect
the price after the dividend is paid to be $114, what total return will you have earned over the year? What was
your dividend yield? Your capital gain rate?
The total return you will have earned over the year is %. (Round to two decimal places.)
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