One year ago, you purchased 265 shares of stock at a cost of $6,697. The...

70.2K

Verified Solution

Question

Finance

image
One year ago, you purchased 265 shares of stock at a cost of $6,697. The stock paid an annual dividend of $1.46 per share. Today, you sold those shares for $27.6 each. What is the capital gains yield (in percent) on this investment? Answer to two decimals

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