M Question 3-Chapter 14 Problems-Connect
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Two years ago, you purchased
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Two years ago, you purchased 100 shares of General Mills Corporation. Your purchase price was $52 a share, plus a total commission
of $8 to purchase the stock. During the last two years, you have received the following dividend amounts: $1.96 per share for the first
year and $2.02 per share the second year. Also, assume that at the end of two years, you sold your General Mills stock for $60 a share
minus a total commission of $12 to sell the stock.
a. Calculate the dividend yield for your General Mills stock at the time you purchased it.
Note: Enter your answer as a percent rounded to 2 decimal places.
b. Calculate the dividend yield for your General Mills stock at the time you sold it.
Note: Enter your answer as a percent rounded to 2 decimal places.
c. Calculate the total return for your General Mills investment when you sold the stock at the end of two years.
Note: Do not round intermediate calculations.
d. Calculate the annualized holding period yield for your General Mills investment at the end of the two-year period.
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
a. Dividend yield at purchase
b. Dividend yield at sale
c. Total return
d. Annualized holding period yield
3.77%
1,592.00%
$
84
%
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