11. A year ago, you purchased 300 shares of Stellar Wood Products, Inc. stock at a...

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11. A year ago, you purchased 300 shares of Stellar Wood Products, Inc. stock at a price of $8.62 per share. The stock pays a 12. You own 400 shares of Western Feed Mills stock valued at $51.20 per share. What is the dividend yield if your annual divi

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Answer 1

Answer #1

11.

Number of shares = 300

Total Purchase Price = 300*8.62 = $2586

Dividends Received = 300*300*0.10 = $30

Total Selling Price = 300*4.80 = $1440

Total Return = Selling Price + Dividend - Purchase Price = 1440 + 30 - 2586 = -$1116

12.

Number of shares = 400

Market Value of shares purchased = 400*51.20 = $20480

Dividend Paid = $352

Dividend Yield = Dividend / Market Price = 352/20480 = 0.0172 or 1.72%

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