Question: Electronics, Inc. common stock returned a nifty 2 4 . 5 percent rate of return last year. The dividend amount was $ 0 . 4

Electronics, Inc. common stock returned a nifty 24.5 percent rate of return last year. The dividend amount was $0.45 a share which equated to a dividend yield of 1.24 percent. What was the rate of price appreciation for the year?
Group of answer choices
23.26 percent
22.55 percent
23.87 percent
23.52 percent
23.60 percent

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!