Asked by Hannah McCoy on Jun 20, 2024
Verified
Margaret Jones bought 1,000 shares of DVG stock at $26. Commission charges were $0.20 per share. A dividend of $1.10 per share was paid this year. Compute the rate of yield. (Round answer to two decimal places.)
Commission Charges
Fees charged by brokers or agents for their services in facilitating transactions, often calculated as a percentage of the transaction value.
Dividend
A payment made by a corporation to its shareholders, usually as a distribution of profits.
Rate of Yield
The return on an investment over a period of time, expressed as a percentage of the original investment.
- Compute the earnings yield from shares invested.
Verified Answer
HG
Learning Objectives
- Compute the earnings yield from shares invested.