Give correct answer this financial accounting question Two years ago, you purchased 120 shares of XYZ Technologies. Yourpurchase price was $48 per share, plus a total commission of $35 topurchase the stock. During the last two years, you have received thefollowing dividend amounts:$1.80 per share for the first year$1.95 per share for the second yearAt the end of two years, you sold your XYZ Technologies stock for $54 pershare, minus a total commission of $40 to sell the stock.Calculate the dividend yield for your XYZ Technologies stock at the timeyou sold it.

Step 1: Definition of Dividend YieldDividend yield is a financial ratio that indicates how much a…

Answered: Two years ago, you purchased 120 shares…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter2: The Domestic And International Financial Marketplace

Section: Chapter Questions

Problem 2P

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