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How do you get this answer? Thanks. Consider the tollowing Price and Dividend data for General Electric Company Date December 31, 2008 January 26, 2009
How do you get this answer? Thanks.
Consider the tollowing Price and Dividend data for General Electric Company Date December 31, 2008 January 26, 2009 April 28, 2009 July 29, 2009 October 28, 2009 December 30, 2009 Price (S) $14.64 $13.35 $9.14 $10.74 $8.02 $7.72 Dividend ($) $0.10 $0.10 $0.10 $0.10 Assume that you purchased General Electric Company stock at the closing price on December 31, 2008 and sold it after the dividend had been paid at the closing price on January 26, 2009. Your dividend yield for this period is closest to: A. 0.75% () B. -8.80% 0.70% -8.15% C. DStep by Step Solution
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