Question
5-3 One year ago, Regina purchased $1,050 worth of elite electricians common stock for $42 per share. During the year, Regina received two dividends payments,
5-3
One year ago, Regina purchased $1,050 worth of elite electricians common stock for $42 per share. During the year, Regina received two dividends payments, each equal to $.05 per share. The current market value of the stock is $44 per share. What yield did Regina earn on her investments during this year?
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Financial Management Theory and Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
16th edition
1337902608, 978-1337902601
