Question

You purchased a share of stock for $76. At the end of a quarter, the stock...

You purchased a share of stock for $76. At the end of a quarter, the stock paid a dividend of $0.75, and you sold it for $77 right after receiving the dividend. What was your dividend yield? Round your answer to the nearest tenth of a percent.

Group of answer choices

1.1%

1.0%

none of the choices

0.9%

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Homework Answers

Answer #1

Correct option is 1%

i.e. Dividend yield = 1%

Formula, explanations and Calculations are given in below image

Note :- if you still have any doubt or query feel free to ask in comments.

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