Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

DIVIDEND YIELD? Check my work mode : This shows what is correct or incorrect for the work you have completed so fa Suppose a stock

DIVIDEND YIELD?
image text in transcribed
Check my work mode : This shows what is correct or incorrect for the work you have completed so fa Suppose a stock had an initial price of $97 per share, paid a dividend of $2.10 per share during the year, and had an ending share price of $117. a.Compute the percentage total return. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b.What was the dividend yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What was the capital gains yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) Answer is complete but not entirely correct. b. Percentage total return Dividend yield Capital gains yield 22.78 % 21.64 +0 % 20.62 % G

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Adulting Everything You Need To Be A Financially Confident And Conscious Adult

Authors: Ashley Feinstein Gerstley

1st Edition

1119817307, 9781119817307

More Books

Students also viewed these Finance questions