38.2%,39.2% 39.7%,40.1% 34.8%,35.9%

Question 4 You bought 5 shares of COST at $160 per share and received a $2 dividend per share during your holding period. Three months later, you sold your shares in COST for $171 per share. Calculate the effective annual yield (EAY, same as APY) with 1) quarterly compounded interest and 2) continuous compounding? Select the closest answer. 36.7%, 38.4% 38.2%, 39.2% 39.7%, 40.1% 34.8%, 35.9%