Question
1. One year ago today you bought 600 shares of Mullen Manufacturings common stock for $42.50 per share. During the past year you received two
1. One year ago today you bought 600 shares of Mullen Manufacturings common stock for $42.50 per share. During the past year you received two quarterly dividends of $0.35 each and two quarterly dividends of $0.38 each. Today the stocks market price is $44.20. Calculate the dividend yield on the stock for the past year. Report the percentage to two decimal places (0.04628 = 4.63).
2. One year ago today you bought 600 shares of Mullen Manufacturings common stock for $42.50 per share. During the past year you received two quarterly dividends of $0.35 each and two quarterly dividends of $0.38 each. Today the stocks market price is $44.20. Calculate the capital gains yield on the stock for the past year. Report the percentage to two decimal places (0.04628 = 4.63).
3. One year ago today you bought 600 shares of Mullen Manufacturings common stock for $42.50 per share. During the past year you received two quarterly dividends of $0.35 each and two quarterly dividends of $0.38 each. Today the stocks market price is $44.20. Calculate the total yield on the stock for the past year. Report the percentage to two decimal places (0.04628 = 4.63).
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Introduction To Government And Not For Profit Accounting
Authors: Martin Ives, Joseph R. Razek, Gordon A. Hosch
5th Edition
0130464147, 978-0130464149
