Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you purchased 23.00 shares of bank of america one

You purchased 23.00 shares of Bank of America one year ago for $8.35 per share....

70.2K

Verified Solution

Question

Finance

You purchased 23.00 shares of Bank of America one year ago for $8.35 per share. Today, on share trades for $9.28 and paid a dividend of $1.19 per share.

What is the capital gain rate from holding the stock the past year? What is the dividend yield from holding the stock the past year?

What is the total return for holding the stock the past year? Based on your number of shares purchased, what is the total dollar return of your investment?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The ages in years of a random sample of shoppers at a gaming store are...

Statistics
Q

onsider the following figures in which AABC ADEF Find the scale factor of AABC to...

Geometry
Q

The following information is given about a vertical curve: Station of VPI = 150+00.00 feet Elevation of...

Civil Engineering
Q

Let A = { a , b } A = { a , b }...

Advance Math
Q

When adding or subtracting fractions with different denominators each fraction s denominator must be converted...

Basic Math
Q

near x 0 The graph of shown to the right Answer a b and c...

Calculus
Q

Which of the following would not be included in the cash from operating activities section?...

Accounting
Q

2021 Gaia Company repurchased hown stock at a cost of $...

Accounting
Q

Splish Brothers Inc. Inc. had a beginning inventory...

Accounting
Q

Question 4 View Policies Current Attempt in Progress Selected data taken from a recent year's...

Accounting
Q

Part N29 is used by Farman Corporation to make one of its products. A total...

Accounting
Q

40) A) A company just issued preferred stock that will pay a constant dividend...

Finance