Today,you Sold 800 Shares of Sky High Inc

question 57

Multiple Choice

Today,you sold 800 shares of Sky High Inc.,for $57.60 a share.You bought the shares one year ago at a price of $61.20 a share.Over the year,you received a total of $500 in dividends.What is your capital gains yield on this investment?

• A)-6.03 percent
• B)-5.88 percent
• C)-4.86 percent
• D)6.25 percent
• E)7.34 percent

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Definitions:

Personal Property

Items of property that are not attached to real estate, such as vehicles, furniture, and electronics.

Debt

An amount of money borrowed by one party from another, typically with the condition that it is to be repaid with interest.

Security Agreement

A legal document that provides a lender a security interest in a specified asset or property that serves as collateral for a loan.

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