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Two years ago, you purchased 300 shares of AppleBanana Co. Your purchase price was 60 Baht a share, plus a total commission of 40 Baht
Two years ago, you purchased 300 shares of AppleBanana Co. Your purchase price was 60 Baht a share, plus a total commission of 40 Baht to purchase the stock. During the last two years, you have received the following dividend amounts: 2.25 Baht per share for the first year and 2.50 Baht per share the second year. Also, assume that at the end of two years, you sold your stock for 65 Baht a share minus a total commission of 45 Baht to sell the stock. What is the annualized holding period yield (arithmetic mean) for your investment at the end of the two-year period. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Do not include percentage sign.)
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