This year, on advice from your sister, you bought tobacco company stock at $50/share. During the year, you collected an $8 dividend, but due to the company's losses in medical lawsuits its stock fell to $40/share

At this point, you sell, realizing a A) dividend yield of -16% and a capital loss of 20%.
B) dividend yield of 16% and a capital loss of 20%.
C) dividend loss 10%.
D) capital loss of 10%.
E) total loss of 20%.

B

Economics

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A. explicit and implicit costs. B. neither implicit nor explicit costs. C. implicit, but not explicit, costs. D. explicit, but not implicit, costs.

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The opportunity cost of holding excess reserves is equal to

A. the federal funds rate. B. the discount rate. C. the federal funds rate minus the discount rate. D. none of these.

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