Suppose a Stock Had an Initial Price of $80 Per

question 77

Multiple Choice

Suppose a stock had an initial price of $80 per share,paid a dividend of $1.35 per share during the year,and had an ending share price of $87.What was the capital gains yield?

• A)1.55 percent
• B)1.69 percent
• C)8.05 percent
• D)8.75 percent
• E)10.44 percent

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Definitions:

Direct Materials

Raw materials that can be directly attributed to the production of specific goods or services.

Factory Overhead

All indirect costs incurred during the manufacturing process, excluding direct materials and direct labor costs.

Direct Labor

Labor costs that are directly associated with the production of goods or the provision of services.

Nails and Screws

Basic hardware items used in construction and carpentry to fasten materials together.