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Two years ago, you purchased 100 shares of General Mills Corporation. Your purchase price was $59 a share, plus a total commission of $32 to
Two years ago, you purchased 100 shares of General Mills Corporation. Your purchase price was $59 a share, plus a total commission of $32 to purchase the stock. During the last two years, you have received the following dividend amounts: $1.35 per share for the first year and $1.44 per share the second year. Also, assume that at the end of two years, you sold your General Mills stock for $60 a share minus a total commission of $34 to sell the stock. (a) Calculate the dividend yield for your General Mills stock at the time you purchased it. (Enter your answer as a percent rounded to 2 decimal places.) (b) Calculate the dividend yield for your General Mills stock at the time you sold it. (Enter your answer as a percent rounded to 2 decimal places.)
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