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Consider the following price and dividend data for Tata Motors: Date Price ($) Dividend ($) December 31, 2013 157.4 January 27, 2014 144.5 1.2 April

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Consider the following price and dividend data for Tata Motors: Date Price ($) Dividend ($) December 31, 2013 157.4 January 27, 2014 144.5 1.2 April 29, 2014 101.4 1.0 July 30, 2014 117.4 1.1 October 29, 2014 90.2 1.3 December 30, 2014 87.2 to (C) Assume that you purchased Tata Motors stock at the closing price on December 31, 2013 and sold it after the dividend had been paid at the closing price on January 27, 2014. What is your total return rate (yield) for this period? You need to show your calculations. (1 mark)

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