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tiny-mole [99]
3 years ago
15

The level of the Baring market index is 22,300 at the start of the year and 26,800 at the end. The dividend yield on the index i

s 4.3%. a. What is the return on the index over the year
Business
1 answer:
marshall27 [118]3 years ago
8 0

Answer: 24.48%

Explanation:

Return on the index over the year is calculated by;

= Dividend yield + (Ending index value - Beginning index value)/ Beginning index value

= 4.3% + (26,800 - 22,300) / 22,300

= 24.48%

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