Solved

Steve Bought a Share of Toronto Skates Inc

Question 69

Multiple Choice

Steve bought a share of Toronto Skates Inc.three years ago for $45.00.He was paid two annual dividends of $4.50 in the past two years.If the stock price today is $ 48.50,calculate the three year's income yield,capital gain,and total return.


A) IY=7.78%, CGY=20.00%, TR=27.78%
B) IY=20.00%, CGY=9.26%, TR=29.26%
C) IY=20.00%, CGY=7.78%, TR=27.78%
D) IY=7.78%, CGY=9.26%, TR=17.04%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions