Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. last year, you purchased 710 shares of forever, in

Last year, you purchased 710 shares of Forever, Inc., stock at a price of $49.84...

90.2K

Verified Solution

Question

Finance

Last year, you purchased 710 shares of Forever, Inc., stock at a price of $49.84 per share. You received $1065 in dividends and a total of $42,039 when you sold the stock. What was the capital gains yield on this stock?
  • A. 16.11%
  • B. 17.35%
  • C. 18.80%
  • D. 17.86%
  • E. 3.01%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Innovation Company is thinking about marketing a new software product. Upfront costs to market and develop...

Basic Math
1.2K views

The mean income per year of employees who produce internal and external newsletters and magazines for...

Chemistry
1.2K views

Calculate the initcial I^- concentration in a solution containing 3.0 mL of 0.20 M KI, 5.0...

Physics
1.2K views

Seawater at a frequency f 9 10 Hz has permittivity 800 and resistivity p 0...

Calculus
1.2K views

Compute the given integral 5x 1 5x 2x 3 dx 40

Algebra
1.2K views

rite 3x 1 dx as the limit of a Riemann sum and evaluate O 3...

Accounting
1.2K views

Using the attached Adjusted Trial Balance, please prepare necessary closing entries, post the closing entries...

Accounting
1.2K views

A business firm purchased two machines on 1st January 2017 at a cost of Sh1,500,000...

Accounting
1.2K views

Paynesville Corporation manufactures and sells a preservative used in food and drug manufacturing. The company...

Accounting
1.2K views

Option 1: Write a paper on a currently nonexistent non-profit organization. Include the following: 1....

Finance
1.2K views

Post the following transactions to the ledger of Rosemary Company. The partial chart of accounts...

Accounting
1.2K views

Please answer Required: 1. Contrast...