Answer:
2.39%
Step-by-step explanation:
Given that
99 shares at $55 per share = $5445
150 share at $52 per share = $7800
Hence, total share cost => 5445 + 7800 => $13,245
Therefore, given that the average annual yield is the summation of all the income gotten on investment and dividing the amount by the number of years the money was invested.
With a $1.27 dividend per share, and a total share of 99 + 150 = 249 shares
=> 1.27 * 249 = $316.23
Hence, average annual yield = $316.23 ÷ 13,245
=> 0.0239
=> 2.39%
Therefore, Robert Mastersons' average annual yield is 2.39%
