question archive You purchased 300 shares of Deltona stock for $43

You purchased 300 shares of Deltona stock for $43

Subject:AccountingPrice:2.87 Bought7

You purchased 300 shares of Deltona stock for $43.90 a share. You have received a total of $630 in dividends and $14,620 in proceeds from selling the shares. What is your capital gains yield on this stock?

a 6.23%

b 11.01%

c 17.68%

d 9.55%

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Answer:

Puchase value of Deltona stock = 300 * 43.90 = $13,170

Capital gain on stock = Sales proceeds - Purchase value

= 14,620 - 13,170 = $1,450

Capital gain % = 1,450 *100 /13,170 = 11.01%

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