You bought 100 shares of IBM stock last year for $75, you received a $7 per share divided during the year and the current price of the stock is $80. What is the dividend yield on your investment?
You bought 100 shares of IBM stock last year for $75, you received a $7 per share divided during the year and the current price of the stock is $80. What is the dividend yield on your investment?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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*assume all bonds make semiannual coupon payments*
![You bought 100 shares of IBM stock last year for $75, you
received a $7 per share divided during the year and the
current price of the stock is $80. What is the dividend
yield on your investment?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0d7ceae3-27e7-4cc1-ba46-164428f503a3%2Fd794c40f-5f28-4632-8ca1-ccd8e245a2d5%2F51hv518_processed.jpeg&w=3840&q=75)
Transcribed Image Text:You bought 100 shares of IBM stock last year for $75, you
received a $7 per share divided during the year and the
current price of the stock is $80. What is the dividend
yield on your investment?
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