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One year ago, you purchased a stock at a price of $38.22 a share. Today, you sold the stock and realized a total loss of 11.09 percent on your investment. Your capital gain was –$4.68 a share. What was your dividend yield?

Respuesta :

Answer:

1.15%

Explanation:

The formula to compute the dividend yield is shown below:

Dividend yield = (Annual yield) ÷ (market price) × 100

where,

Market price = $38.22

And, the annual yield is

= Capital gain - market price × loss percentage

= $4.68 - $38.22 × 11.09%

= $4.68 - $4.24

= $0.44

So, the dividend yield is

= ($0.44 ÷ $38.22) × 100

= 1.15%