Asked by jeminia herring on Apr 26, 2024
Verified
Marge Nelson bought 400 shares of BRN stock at $34. Commission charges were $0.20 per share. A dividend of $2.20 per share was paid this year. Compute the rate of yield. (Round answer to two decimal places.)
Commission Charges
Fees levied by an agent or broker for their services in facilitating a sale or transaction.
Dividend
A portion of a company's earnings distributed to shareholders, typically in the form of cash or additional stock.
Rate of Yield
The return on an investment expressed as a percentage, which can be calculated based on income received and the original or current value of the investment.
- Determine the return rate on equity investments.
Verified Answer
Learning Objectives
- Determine the return rate on equity investments.
Related questions
Margaret Jones Bought 1,000 Shares of DVG Stock at $26 ...
George Fuji Bought 600 Shares of TTV Stock at $28 ...
Alan Jackson Bought 300 Shares of MTY Stock at $47 ...
One Year Ago, Art Vandelay Bought Norwood Industries Shares for ...
Vitaly's Shares of Dominion Petroleum Have Dropped in Value from ...