Business: One year ago, you bought a stock for $29.15 a share. you received a dividend of $1.04 per share last month and sold the stock today for $28.80 a share. what is the capital gains yield on this investment

One year ago, you bought a stock for $29.15 a share.

izzy890

13.01.2022

Capital gain will be equal to -1.20 %

Explanation:

We have given that you bought a stock for $29.15

And after one year sold the stock for $28.80

We have to find the capital gain

Capital gain is given by

$capital\ gain=\frac{selling\ price-purchased\ price}{purchased\ price}=\frac{28.80-29.15}{29.15}=-0.0120$ = -1.20 %

So capital gain will be equal to -1.20 %

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