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Diano4ka-milaya [45]
4 years ago
9

A particular stock has a dividend yield of 1.3 percent. Last year, the stock price fell from $64 to $59. What was the total perc

entage rate of return for the year?
Business
1 answer:
riadik2000 [5.3K]4 years ago
8 0

Answer:

The total percentage rate of return for the year is -6.51%

Explanation:

Capital Gain Yield = ($59 – $64 )/ $64

                              = - $5 / $64

                              = -7.81%

Since the dividend yield is 1.3%:

Total return = -7.81% + 1.3%

                   = -6.51%

Therefore, The total percentage rate of return for the year is -6.51%

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