FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Suppose that you purchased 300 shares of a stock at $36 per
share, ignoring all commissions. Assume the stock paid a dividend
of $2.15 per share for the year. The stock price rose to $41.05 per
share and was then sold at that price.
What was the capital gains yield?
A. 10 percent
B. 6 percent
C. 14 percent
D. 12.3 percent
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Transcribed Image Text:Suppose that you purchased 300 shares of a stock at $36 per share, ignoring all commissions. Assume the stock paid a dividend of $2.15 per share for the year. The stock price rose to $41.05 per share and was then sold at that price. What was the capital gains yield? A. 10 percent B. 6 percent C. 14 percent D. 12.3 percent
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