You Purchased a Stock for $29

question 1

Multiple Choice

You purchased a stock for $29.40 a share,received a dividend of $0.72 per share,and sold the stock after one year for $31.30 a share.What was your dividend yield on this investment?

• A)2.30 percent
• B)2.38 percent
• C)2.45 percent
• D)2.67 percent
• E)2.80 percent