Asked by Arlissa Montano on May 14, 2024
Verified
George Fuji bought 600 shares of TTV stock at $28. Commission charges were $0.20 per share. A dividend of $1.50 per share was paid this year. Compute the rate of yield. (Round answer to two decimal places.)
Commission Charges
Fees paid to brokers or agents for their services in facilitating transactions, typically a percentage of the transaction value.
Dividend
The number being divided.
Rate of Yield
A financial ratio that measures the annual return on an investment expressed as a percentage.
- Calculate the rate of yield on stock investments.
Verified Answer
FN
Learning Objectives
- Calculate the rate of yield on stock investments.
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