EBK CFIN
6th Edition
ISBN: 9781337671743
Author: BESLEY
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Question
Chapter 5, Problem 1PROB
Summary Introduction
T sold 1,000 shares at $29 each which were purchased one year ago at $28 each. T received a quarterly dividend of $0.10 per share during the year.
Yield is the return realized and earned on an investment over a specified period.
Expert Solution & Answer
Explanation of Solution
Calculate the yield as follows:
Therefore, the yield is
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