Assume that you purchased Quicksilver's stock at the closing price on December 31, 2004 and sold it after the dividend had been paid at the closing price on January 26, 2005. Your dividend yield for this period is closest to ________
Consider the following price and dividend data for Quicksilver Inc.:
Date Price ($) Dividend ($)
December 31, 2004 $14.88
January 26, 2005 $13.61 $0.11
April 28, 2005 $9.14 $0.11
July 29, 2005 $10.74 $0.11
October 28, 2005 $8.02 $0.11
December 30, 2005 $7.72
A) -7.80%
B) -8.53%
C) 0.74%
D) 0.81%
Answer: C
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