Answer:
Answer to this question is 0.0758
Step-by-step explanation:
Given:
Number of shares = 144
Price of one share = $7.73
Commission charged by broker= $46.15
Total amount spent by company=144 * 7.73 + 46.15 =$1159.27
Dividend per share = 61 cents.
Since total amount is in dollars we convert this to dollar too.
$1= 100 cents
Therefore, 61 cents= $0.61
Annual dividend = dividend per share * total number of share
= 0.61 * 144
Annual yield= Annual dividend / Share price
= 0.61 * 144 / 1159.27
=0.07577
= 0.0758 ( approx.) which is the answer
