【中山大学431金融 罗斯 公司理财】Ch009.pdfVIP

Chapter 9: Capital Market Theory: An Overview 9.1 a. The capital gain is the appreciation of the stock price. Because the stock price increased from $37 per share to $38 per share, you earned a capital gain of $1 per share (=$38 - $37). Capital Gain = (P – P ) (Number of Shares) t+1 t = ($38 - $37) (500) = $500 You earned $500 in capital gains. b. The total