BCD shares are currently selling for $27.38 each.You bought 200 shares one year ago at $26.59 and received dividend payments of $1.27 per share.What was your percentage capital gain for the year?
A)2.97 percent
B)3.21 percent
C)7.75 percent
D)−2.89 percent
E)7.52 percent

Question

Quizplus · Accepted Answer

The capital gain is calculated as (Selling Price - Purchase Price) / Purchase Price. Here, it is ($27.38 - $26.59) / $26.59 = 0.0297 or 2.97 percent.

BCD Shares Are Currently Selling for $27