the annual yield is 0.1446
We have given that
broker charges you a commission of $1,340. 75
list price = $73. 96
purchase share =258
We have to calculate,
what is your annual yield
Yield refers to the benefits or earnings realized from an investment over a particular period.
Calculation of yield considers the profits made and the amounts invested.
The amount invested in this case
The commission =$1,340.75
What is the formula for cost of shares?
Costs of the shares= parches shares × list price
Therefore,
Costs of the shares = 258 x $73.96 =$19,081. 68
Total cost of investment
= $19,081. 68 + $1,340.75
= $20,422.43
The gain realized = $11.45 x 258
=$2,954.1
Annual yield= =$2,954.1/$20,422.43
=0.144649
=0.1446
Therefore we get the annual yield is 0.1446
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