You purchased 500 shares of stock at a price of $62.50 per share. Over the last year, you received total dividend income of $600. If the stock price today is $75.80 and you plan to sell it, what is the capital gains yield?
You purchased 500 shares of stock at a price of $62.50 per share. Over the last year, you received total dividend income of $600. If the stock price today is $75.80 and you plan to sell it, what is the capital gains yield?
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 5P
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What is the

Transcribed Image Text:You purchased 500 shares of stock at a price of $62.50
per share. Over the last year, you received total
dividend income of $600. If the stock price today is
$75.80 and you plan to sell it, what is the capital gains
yield?
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