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

question 52

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 percent
• B) 10.52 percent
• C) 12.49 percent
• D) 13.81 percent
• E) 14.75 percent