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Suppose that a year ago, you bought 100 shares of Zimmer Corporation common stock for $32 per share. During the year you received dividends of
Suppose that a year ago, you bought 100 shares of Zimmer Corporation common stock for $32 per share. During the year you received dividends of $2.50 per share. Zimmer common stock is currently selling for $33.50 per share. What was your total dividend income during the year? How much did you earn in capital gains? What was your total dollar return? Use these dollar returns to calculate the dividend yield, capital gains yield, and total percentage return for this investment?
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