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Hakim purchased 200 shares of Stella Corporation Stock at $16.80 a share. One year later, the Stella Corporation Stock had a market value of $18.30.Two
Hakim purchased 200 shares of Stella Corporation Stock at $16.80 a share. One year later, the Stella Corporation Stock had a market value of $18.30.Two years later, he sold the stocks for $19.80 a share. He paid his broker a $20 commission when he purchased the stocks and a $30 commission when he sold them. He received $200 in dividends each year that he owned the stocks.
- Calculate Hakim's annual return on his investments for both Year 1 and Year 2.[5 points]
- What was Hakim's Dividend Yield in Year 2?[2 points]
- What was Hakim's Capital Yield in Year 1?[2 points]
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