2 years ago I purchased 100 shares of General Mills Corporation for $42 a share plus a commission of $29 to purchase. During the last 2 years I received the dividend amount 1.92 per share the first year and 1.96 per share the second year. At the end of 2 years I sold my stock for $49 a share minus a total commission of $34 to sell the stock. What is the dividend yield of my stock when I purchased it?? What is my dividend yield at the time I sold it? What is my total return when I sold the stock and the end of 2 years? What is the annualized holding period yield of my investment at the end of w years?
2 years ago I purchased 100 shares of General Mills Corporation for $42 a share plus a commission of $29 to purchase. During the last 2 years I received the dividend amount 1.92 per share the first year and 1.96 per share the second year. At the end of 2 years I sold my stock for $49 a share minus a total commission of $34 to sell the stock. What is the dividend yield of my stock when I purchased it?? What is my dividend yield at the time I sold it? What is my total return when I sold the stock and the end of 2 years? What is the annualized holding period yield of my investment at the end of w years?
Chapter2: The Domestic And International Financial Marketplace
Section: Chapter Questions
Problem 2P
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2 years ago I purchased 100 shares of General Mills Corporation for $42 a share plus a commission of $29 to purchase. During the last 2 years I received the dividend amount 1.92 per share the first year and 1.96 per share the second year. At the end of 2 years I sold my stock for $49 a share minus a total commission of $34 to sell the stock. What is the dividend yield of my stock when I purchased it?? What is my dividend yield at the time I sold it? What is my total return when I sold the stock and the end of 2 years? What is the annualized holding period yield of my investment at the end of w years?
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