Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Suppose a stock had an initial price of $69 per share, paid a dividend of $1.95 per share during the year, and had an

1. Suppose a stock had an initial price of $69 per share, paid a dividend of $1.95 per share during the year, and had an ending share price of $53.

a) What was the dividend yield for the year? 1.95/53=

b) What was the capital gain yield for the year?

c) What is the percentage total return for the year?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

10th edition

0-07-794127-6, 978-0-07-79412, 978-0077431808

Students also viewed these Finance questions