Asked by Elena Guerrero on Jul 02, 2024
Verified
Alan Jackson bought 300 shares of MTY stock at $47. Commission charges were $0.20 per share. A dividend of $1.70 per share was paid this year. Compute the rate of yield. (Round answer to two decimal places.)
Commission Charges
Fees assessed for services provided, often calculated as a percentage of the transaction value, such as in trading or sale transactions.
Dividend
A Dividend is a portion of a company's earnings distributed to its shareholders, typically in the form of cash or additional shares.
Rate of Yield
The rate of yield is the return on an investment over a period of time, expressed as a percentage of the investment's cost.
- Ascertain the profit percentage from stock holdings.
Verified Answer
Learning Objectives
- Ascertain the profit percentage from stock holdings.
Related questions
George Fuji Bought 600 Shares of TTV Stock at $28 ...
Marge Nelson Bought 400 Shares of BRN Stock at $34 ...
Margaret Jones Bought 1,000 Shares of DVG Stock at $26 ...
Vitaly's Shares of Dominion Petroleum Have Dropped in Value from ...
One Year Ago, Art Vandelay Bought Norwood Industries Shares for ...