Leon purchased 1,000 shares of LJK stock this morning at a price of $45.67 a share. The stock paid a dividend last year of $1.80 per share. Leon's required rate of return is 13% on this type of investment. What is the capital gains yield on LJK stock?
A) 7.41%
B) 8.72%
C) 9.06%
D) 13.85%
E) 16.94%
Correct Answer:
Verified
Q265: The preferred stock of North Coast Shoreline
Q266: Mountain Gear, Inc. just announced that its
Q267: If Russian Motors closed at $22 and
Q268: Llano's stock is currently selling for $51.
Q269: The Battery Co. paid $1.20 in dividends
Q271: Michael's Inc. 9% preferred stock is currently
Q272: The current price of XYZ stock is
Q273: The preferred stock of the Pearson Institute
Q274: If a company has a current stock
Q275: If a company has a current stock
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents