Suppose you purchased 1,500 shares of Pan Am Airlines at the beginning of the year for...
Suppose you purchased 1,500 shares of Pan Am Airlines at the beginning of the year for $19.85. By the end of the year, the stock price had appreciated to $24.76. At the end of the year, Pan Am paid a dividend of $1.47 per share. Calculate your capital gain on this investment over the year.
What was your capital gain on this investment over the year? ___% (Round to two decimal places.)
Homework Answers
Ans 24.74%
| CAPITAL GAIN = | NO OF SHARES * (CLOSING PRICE - OPENING PRICE) |
| 1500 * (24.76 - 19.85) | |
| 7365 | |
| CAPITAL GAIN IN % = | CAPITAL GAIN / INITIAL INVESTMENT * 100 |
| 7365 / (1500*19.85) * 100 | |
| 24.74% | |
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