Use the table for the question(s)below.
Consider the following price and dividend data for General Electric Company:
-Assume that you purchased General Electric Company stock at the closing price on December 31,2008 and sold it after the dividend had been paid at the closing price on January 26,2009.Your capital gains rate (yield)for this period is closest to:
A)0.75%.
B)0.70%.
C)-8.81%.
D)-8.15%.

Question

Use the table for the question(s)below.
Consider the following price and dividend data for General Electric Company: 
-Assume that you purchased General Electric Company stock at the closing price on December 31,2008 and sold it after the dividend had been paid at the closing price on January 26,2009.Your capital gains rate (yield)for this period is closest to:
A)0.75%. 
B)0.70%. 
C)-8.81%. 
D)-8.15%.

Quizplus · Accepted Answer

The capital gains yield is calculated as (Selling Price - Purchase Price) / Purchase Price. Based on the given dates, the yield is closest to -8.81%.

Use the Table for the Question(s)below