One Year Ago, You Purchased 500 Shares of Stock at a Cost

question 55

Multiple Choice

One year ago, you purchased 500 shares of stock at a cost of $10,500. The stock paid an annual dividend of $1.10 per share. Today, you sold those shares for $23.90 each. What is the capital gains yield on this investment?

• A)9.96%
• B)10.52%
• C)12.49%
• D)13.81%
• E)14.75%

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Definitions:

Investment Securities

Financial instruments, such as stocks or bonds, that represent an ownership interest, or a debt obligation, that can be bought or sold.

Skilled Workers

Workers with specialized training, qualifications, or experience that enables them to perform specific tasks or jobs that require particular competencies.

Immigration

The act of moving to a foreign country to live permanently.

Benefits of Immigration

Refers to the positive economic, social, and cultural contributions immigrants make to a host country, including workforce diversification, innovation, and demographic vitality.