Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose a stock had an initial price of $117 per share, paid a dividend of $3.10 per share during the year, and had an ending

Suppose a stock had an initial price of $117 per share, paid a dividend of $3.10 per share during the year, and had an ending share price of $147.

Requirement 1:

Compute the percentage total return. (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

Percentage total return %

Requirement 2:

What was the dividend yield? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

Dividend yield %

Requirement 3:

What was the capital gains yield? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

Capital gains yield %

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

The First Time Homebuyers Handbook

Authors: Dean Thompson

1st Edition

1658856112, 978-1658856119

More Books

Students also viewed these Finance questions