Question: Problem 1 4 - 8 Calculating Return on Investment [ LO 1 4 - 3 ] Two years ago, you purchased 1 0 0 shares
Problem Calculating Return on Investment LO
Two years ago, you purchased shares of General Mills Corporation. Your purchase price was $ a share, plus a total commission
of $ to purchase the stock. During the last two years, you have recelved the following dividend amounts: $ per share for the first
year and $ per share the second year. Also, assume that at the end of two years, you sold your General Mills stock for $ a share
minus a total commission of $ 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 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 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 twoyear period.
Note: Do not round Intermedlate calculations. Enter your answer as a percent rounded to decimal places.
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