You purchased one share of Best Buy CO., Inc for $58.35 per share. The company paid a dividend of $3.68 per share during the year, and had an ending share price of $63.39. What is the dividend yield?
Note: Enter your answer in percentages rounded off to two decimal points
Purchase Price = $58.35
Dividend = $3.68
Dividend Yield = Dividend / Purchase Price
Dividend Yield = $3.68 / $58.35
Dividend Yield = 0.0631 or 6.31%
You purchased one share of Best Buy CO., Inc for $58.35 per share. The company paid...
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