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Two years ago, you purchased 100 shares of General Mills Corporation. Your purchase price was $61 a share, plus a total commission of $38 to
Two years ago, you purchased 100 shares of General Mills Corporation. Your purchase price was $61 a share, plus a total commission of $38 to purchase the stock. During the last two years, you have received total dividends of $2.48 per share. Also, assume that at the end of two years, you sold your General Mills stock for $66 a share minus a total commission of $36 to sell the stock. Calculate the total return for your investment and the annualized holding period yield. Total return on the investment: $574. Annualized holding period yield: 4.70%. Total return on the investment: $674. Annualized holding period yield: 5.52%. Total return on the investment: $774. Annualized holding period yield: 6.34%. Total return on the investment: $874. Annualized holding period yield: 7.16%
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