You invest $7,000 in stock and receive $65, $70, $70, and $65 in dividends over the following

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You invest $7,000 in stock and receive $65, $70, $70, and $65 in dividends over the following 4 years. At the end of the 4 years, you sell the stock for $7,900. What was the yield on this investment?

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Fundamentals of Investing

ISBN: 978-0133075359

12th edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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Question Posted: Apr 28, 2015 03:32 AM

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You invest $7,000 in stock and receive $65, $70, $70, and $65 in dividends over the following

Question:

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Using a present value ...View the full answer

Fundamentals of Investing

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