Consider the following price and dividend data for Quicksilver Inc.:

Assume that you purchased Quicksilver's stock at the closing price on December 31, 2004 and sold it after the dividend had been paid at the closing price on January 26, 2005. Your capital gains rate (yield) for this period is closest to ________.
A) 0.93%
B) 1.02%
C) -3.85%
D) -2.93%

Question

Consider the following price and dividend data for Quicksilver Inc.:

Assume that you purchased Quicksilver's stock at the closing price on December 31, 2004 and sold it after the dividend had been paid at the closing price on January 26, 2005. Your capital gains rate (yield) for this period is closest to ________.
A) 0.93% 
B) 1.02% 
C) -3.85% 
D) -2.93%

Quizplus · Accepted Answer

C) (P1 - P0) / P0 = ($13.47 - $14.01) / $14.01 = -0.0385 or -3.85%

Consider the Following Price and Dividend Data for Quicksilver Inc