Question

A share of Southside stock sold for $37. The annual dividend is $1.85. Three years later the stock has increased 17% in value and the dividend has increased 5%.
What is the yield 3 years later? Round to the nearest tenth of a percent.

Answer 1

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

How to find the price per share?

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

Find out more on the price per share at

brainly.com/question/14940016

#SPJ1