geekchic2329 geekchic2329

12-03-2020
Business

contestada

You purchased a stock for $29.40 a share, received a dividend of $0.72 per share, and sold the stock after one year for $31.30 a share. What was your dividend yield on this investment?

Respuesta :

kenlingdad kenlingdad

22-03-2020

Answer:

2.45%

Explanation:

dividend yield = annual dividend / Stock Price per share

$0.72 / $ 29.40 = 0.0245 (2.45%)

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