One year ago,you purchased 400 shares of stock at a cost of $8,650.The stock paid an annual dividend of $1.10 per share.Today,you sold those shares for $23.90 each.What is the capital gains yield on this investment?

Name: One year ago,you purchased 400 shares of stock at a cost of $8,650.The stock paid an annual dividend of $1.10 per share.Today,you sold those shares for $23.90 each.What is the capital gains yield on this investment?
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Question

Quizplus · Accepted Answer

[($23.90 × 400) - $8,650)]/$8,650 = 10.52 percent

One Year Ago,you Purchased 400 Shares of Stock at a Cost