Question: Problem 1 4 - 8 Calculating Return on Investment [ LO 1 4 - 3 ] Two years ago, you purchased 1 0 0 shares

Problem 14-8 Calculating Return on Investment [LO14-3]
Two years ago, you purchased 100 shares of General Mills Corporation. Your purchase price was $53 a share, plus a total commission
of $34 to purchase the stock. During the last two years, you have recelved the following dividend amounts: $1.90 per share for the first
year and $2.03 per share the second year. Also, assume that at the end of two years, you sold your General Mills stock for $59 a share
minus a total commission of $41 to sell the stock.
a. Calculate the dividend yleld 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 Intermedlate calculations. Round your final answer to the nearest whole number.
d. Calculate the annualized holding period yleld for your General Mills Investment at the end of the two-year period.
Note: Do not round Intermedlate calculations. Enter your answer as a percent rounded to 2 decimal places.
 Problem 14-8 Calculating Return on Investment [LO14-3] Two years ago, you

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