Multiple Choice
One year ago, you purchased 400 shares of stock at a cost of $5,000. The stock paid an annual dividend of $11.30 per share. Today, you sold those shares for $23.50 each. What is the capital gains yield on this investment?
A) 8.80%
B) 9.96%
C) 11.50%
D) 12.7%
E) 14.75%
Correct Answer:
Verified
Correct Answer:
Verified
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