A share of Southside stock sold for $37. The annual dividend is $1.85. Three years later the stock has increased 17% in value an

Question

1 year ago

12

d the dividend has increased 5%.
What is the yield 3 years later? Round to the nearest tenth of a percent.

1 answer:

anastassius [24] · Answer 1 · 2024-03-21T13:12:26+03:00

The price of the share 3 years later, given the increase in value, can be found to be $43.29

<h3>How to find the price per share?</h3>

The value of the Southside stock sold was $ 37 at the current age. Three years later, this value had increased by 17 %.

This means that the price of the share 3 years later would be:

= Share price currently x ( 1 + increase in value)

= 37 x ( 1 + 17 % )

= 37 x 1. 17

= $ 43. 29

The price is $43.29

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