McCoy Paid a One-Time Special Dividend of $3

question 107

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 $62.93. What was your capital gain yield from holding McCoy?

• A) 4.07%
• B) 6.11%
• C) 33.89%
• D) 40.70%

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Definitions:

Owners

The individuals or entities that legally possess an asset or property.

Agents

Individuals or entities authorized to act on behalf of others in financial transactions or negotiations.

Principals

Individuals or entities that own a significant interest in a business or an investment, often referred to as the main parties involved in a transaction.

Working Capital Management

The process of managing short-term assets and liabilities to ensure a company can meet its operating expenses and short-term debt obligations.