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
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