14 years ago, I purchased 114 shares of a stock worth $15.25 per share. There was a 2:1 split, a 3:1 split, and a 4:1 split during that time period. Today the stock is worth $1.57 per share. If the dividend yield was on average 13% during the last 14 years, what was the total rate of return? Round your answer to the nearest whole number.

14 years ago, I purchased 114 shares of a stock worth $15.25 per share. There was a 2:1 split, a 3:1 split, and a 4:1 split during that time period. Today the stock is worth $1.57 per share. If the dividend yield was on average 13% during the last 14 years, what was the total rate of return? Round your answer to the nearest whole number.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter7: Common Stock: Characteristics, Valuation, And Issuance

Section: Chapter Questions

Problem 5P

See similar textbooks

Similar questions

One year ago, you bought a stock for $57.04 a share. You received a dividend of $2.61 per share last month and sold the stock today for $49.23 a share. What is the capital gains yield (in percent) on this investment? Answer to two decimals
Last year you bought 100 shares of National Corporation common stock for P53 per share. During the year you received dividends of P1.45 per share. The stock is currently selling for P60 per share. What rate of return did you earn over the year?
Last year you bought 100 shares of NC Corp. common stock for P53 per share. During the year you received dividends of P1.45 per share. The stock is currently selling for P60 per share. What rate of return did you earn over the year?
One year ago, you bought a stock for $50.39 a share. You received a dividend of $2.97 per share last month and sold the stock today for $49.58 a share. What is the capital gains yield (in percent) on this investment? Correct pls.
One year ago, you purchased 454 shares of stock for $28.98 a share. The stock pays $1.02 a share in dividends each year. Today, you sold your shares for $25 a share. What is your total dollar return on this investment? Answer to two decimals
You bought a stock one year ago for $49.54 per share and sold it today for $59.36 per share. It paid a $1.29 per share dividend today. What was your realized return? The realized return was %. (Round to one decimal place.)
One year ago, you purchased a stock at a price of $28.75. The stock pays quarterly dividends of $.35 per share. Today, the stock is worth $31.25 per share. What is the total amount of your capital gains to date from this investment? (show detailed steps)
You just purchased a share of SPCC for $105. You expect to receive a dividend of $3 in one year. If you expect the price after the dividend is paid to be $109, what total return will you have earned over the year? What was your dividend yield? Your capital gain rate? The total return you will have earned over the year is %. (Round to two decimal places.)
One year ago, you purchased 100 shares of a stock. This morning you sold those shares and realized a total return of 8.2 percent. Given this information, you know for sure the: -stock price increased by 8.2 percent over the past year. -dividend yield is greater than zero -sum of the dividend yield and the capital gains yield is 8.2 percent.
Eight months ago, you purchased 400 shares of AAA stock for $46.40 a Share. The company pays quarterly dividends of $1.05 a share. Today, you sold all of Your shares are for $48.30 a share. What is your total percentage return on this Investment? What is your total dollar return on this investment? Briefly discuss.
A financial advisor claims that a particular share earned a total return of 10% last year. During the year the share price rose $30 to $35. What dollar amount of dividend did the share pay? AGL shares sold for $25 each last year and their total return during the past year was 20%. AGL has been paying $1.50 dividend every year. What would the shares be sold today?
Suppose you purchased a stock a year ago. Today, you receive a dividend of $12 and you sell the stock for $111. If your return was 8%, at what price did you buy the stock?