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Studentka2010 [4]
3 years ago
12

Last year mike bought 100 shares of dallas corporation common stock for $53 per share. during the year he received dividends of

$1.45 per share. the stock is currently selling for $60 per share. what rate of return did mike earn over the years
Business
1 answer:
Ronch [10]3 years ago
7 0
Last year mike bought 100 shares of Dallas corporation common stock for = $53 per share
he received this year dividends of = $1.45 per share
stock is currently selling for = $60 per share
rate of return = ?
capital yield %= (60 - 53 / 53) x 100 = 0.132  x 100 = 13.2%
dividend yield % = (1.45 / 53) x 100 = 0.0273 x 100 = 2.73%
Total yield or rate of return will be = 13.2 + 2.73 = 15.94 %
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