Stock A has a dividend yield of 8% but no capital gain. Stock B offers a capital gain but no dividend. If a corporate investor in the 21% tax bracket earns the same after-tax return from the two stocks, what capital gain does B offer?
A. 11.31%
B. 9.06%
C. 6.00%
D. 8.29%
Answer: B
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Rick Lee, a milk deliveryman in New York, delivers dairy products to 200 customers weekly. The quality of the service Rick provides to his customers is based on customer expectations. All of the following determine the expectations of Rick's customers EXCEPT:
A. changing shifts in demand for local produce and dairy products. B. customer experiences with milk from a grocery store. C. word-of-mouth comments about Rick's product and service. D. customer needs for fresh milk delivered weekly. E. Rick's ability to provide the anticipated dairy products.
If the buyer bears the freight costs related to a purchase, the terms are said to be FOB destination
Indicate whether the statement is true or false
Accompanying the bank statement was a credit memo for a short-term note collected by the bank for the customer. What entry is required in the company's accounts?
A) debit Notes Receivable; credit Cash B) debit Cash; credit Miscellaneous Income C) debit Cash; credit Notes Receivable D) debit Accounts Receivable; credit Cash
With 100/300/10 split auto liability limits, the maximum payout for property damage is
A) $10,000. B) $100,000. C) $300,000. D) $450,000.