You've just bought a share of stock for $79. You plan to sell it next...
60.1K
Verified Solution
Link Copied!
Question
Finance
You've just bought a share of stock for $79. You plan to sell it next year. The company has been growing, and it plans to increase the dividends by 8% each year, and it has just paid a $5 dividend on each share. If you sell the share of stock next year, what will be your capital gains yield over the coming year? Write your answer in percent, but do NOT use "\%" in your answer, and round your answer to TWO decimal places. For example, if you got 5.43% then simply type 5.43
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: Flex AI - Your personal assistant for all your inquiries!
