At the beginning of last year, you invested $3,600 in 90 shares of the Chang Corporation. During
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Question:
At the beginning of last year, you invested $3,600 in 90 shares of the Chang Corporation. During the year, Chang paid dividends of $5 per share. At the end of the year, you sold the 90 shares for $48 a share. Compute your total HPY on these shares and indicate how much was due to the price change and how much was due to the dividend income. Do not round intermediate calculations. Round your answers to one decimal place.
HPY (Total): %
HPY (Price Increase Alone): %
HPY (Dividends): %
Related Book For
Investment Analysis and Portfolio Management
ISBN: 978-0538482387
10th Edition
Authors: Frank K. Reilly, Keith C. Brown
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