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(d) Calculate the annualized holding period yield for your General Mills investment at the end of the two-year period. (Do not round intermediate calculations. Enter
(d) Calculate the annualized holding period yield for your General Mills investment at the end of the two-year period. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
Two years ago, you purchased 100 shares of General Mills Corporation. Your purchase price was $56 a share, plus a total commission of $37 to purchase the stock. During the last two years, you have received the following dividend amounts: $1.25 per share for the first year and $1.34 per share the second year. Also, assume that at the end of two years, you sold your General Mills stock for $63 a share minus a total commission of $42 to sell the stockStep by Step Solution
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