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You purchased a stock at a price of $51.66. The stock paid a dividend of $2.07...

You purchased a stock at a price of $51.66. The stock paid a dividend of $2.07 per share and the stock price at the end of the year is $57.91. What was the dividend yield?

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Answer #1

Compute the dividend yield, using the equation as shown below:

Dividend yield = Dividend/ Purchase price of stock

                         = $2.07/ $51.66

                         = 4.006968641%

Hence, the dividend yield is 4.006968641%.

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