McCoy Paid a One-Time Special Dividend of $3

question 70

Multiple Choice

McCoy paid a one-time special dividend of $3.20 on October 18,2010.Suppose you bought McCoy stock for $47.00 on July 18,2010,and sold it immediately after the dividend was paid for $63.32.What was your capital gain yield from holding McCoy?

• A)4.15%
• B)6.8%
• C)34.7%
• D)41.5%

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Definitions:

Marginal Cost Curve

A graphical representation showing how the cost to produce one additional unit of a good changes as the production level increases.

Total Profit

The difference between a firm's total revenues and its total costs, representing the overall financial gain from its operations.

Lawn Mowing

The action of cutting the grass in an area or lawn to maintain its appearance and health, often performed as a domestic chore or commercial service.

Marginal Benefits

The supplementary gratification or value gained from using or making one more unit of a product or service.