Question One year ago, Stacey purchased 100 shares of KNF stock for $3,245. Today, she sold those shares for $35.00 per share. What is the capital gains yield on this investment if the dividend yield is 1.4 percent? a) 7.11 percent b) 7.86 percent c) 5.96 percent d) -7.29 percent e) -7.86 percent
Question One year ago, Stacey purchased 100 shares of KNF stock for $3,245. Today, she sold those shares for $35.00 per share. What is the capital gains yield on this investment if the dividend yield is 1.4 percent? a) 7.11 percent b) 7.86 percent c) 5.96 percent d) -7.29 percent e) -7.86 percent
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Question
One year ago, Stacey purchased 100 shares of KNF stock for $3,245.
Today, she sold those shares for $35.00 per share. What is the capital
gains yield on this investment if the dividend yield is 1.4 percent?
a) 7.11 percent
b) 7.86 percent
c) 5.96 percent
d) -7.29 percent
e) -7.86 percent](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F38c9fa86-1816-45e1-a52b-3b8f9244e893%2F00033b69-d49c-48ba-aab3-86bce7e50eee%2F4p7qgo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question
One year ago, Stacey purchased 100 shares of KNF stock for $3,245.
Today, she sold those shares for $35.00 per share. What is the capital
gains yield on this investment if the dividend yield is 1.4 percent?
a) 7.11 percent
b) 7.86 percent
c) 5.96 percent
d) -7.29 percent
e) -7.86 percent
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