You purchased 400 shares of TechNet Corp. at a price of $80.00 per share. Over the last year, you received total dividend income of $1,200. If the stock price today is $95.20 and you plan to sell it, what is the capital gains yield?

You purchased 400 shares of TechNet Corp. at a price of $80.00 per share. Over the last year, you received total dividend income of $1,200. If the stock price today is $95.20 and you plan to sell it, what is the capital gains yield?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter18: Initial Public Offerings, Investment Banking, And Capital Formation

Section: Chapter Questions

Problem 9MC

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Can you solve this general accounting question with accurate accounting calculations?

You purchased 400 shares of TechNet Corp. at a price of $80.00
per share. Over the last year, you received total dividend income of
$1,200. If the stock price today is $95.20 and you plan to sell it, what
is the capital gains yield?

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