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%
Purchase A New Answer
Custom new solution created by our subject matter experts
GET A QUOTE
Answer Preview
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%
