Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You purchased a stock at a price of $ 4 0 . 7 1 . The stock paid a dividend of $ 1 . 4

You purchased a stock at a price of $40.71. The stock paid a dividend of $1.47 per share and the stock price at the end of the year is $46.21. What was the dividend yield?
Multiple Choice
3.61%
13.51%
17.12%
3.97%
4.33%

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

Technical Analysis Of Stock Trends

Authors: Robert D. Edwards, John Magee

1st Edition

1607962233, 978-1607962236

More Books

Students also viewed these Finance questions