You purchased 300 shares of Deltona, Inc. stock for $44.90 a share. You have received a total of $630 in dividends and $14,040 in proceeds from selling the shares. What is your capital gains yield
On this stock?

Question

Quizplus · Accepted Answer

To calculate the capital gains yield, we first need to determine the total cost of the shares.

Total cost of shares = 300 x $44.90 = $13,470

Next, we can calculate the total gain from the sale of the shares.

Total gain = $14,040 - $13,470 = $570

Finally, we can calculate the capital gains yield as follows:

Capital gains yield = (Total gain / Total cost) x 100
Capital gains yield = ($570 / $13,470) x 100
Capital gains yield = 4.23%

Therefore, the correct answer is B.

You Purchased 300 Shares of Deltona, Inc