15.Peter is considering the purchase of XYZ stock and would like to estimate its approximate yield if he holds it 5 years and expects it would rise to $30 over the 5-year holding period. Use the information below to do the calculation. (Show all work.) Sales $200,000 Net profits after taxes $50,000 Dividend $1 each year Current price $20 Preferred dividends paid $1,000 Common dividends paid $6,000 Common shares outstanding 12,000 shares

Use the information below to do the calculation. (Show all work.)

Sales $200,000

Net profits after taxes $50,000

Dividend $1 each year

Current price $20

Preferred dividends paid $1,000

Common dividends paid $6,000

Common shares outstanding 12,000 shares