Question

stock in chambers translation cost $18.89 per share when anthony bought it. he earns $410.40 per year from his 360 shares in chambers translation. what is the percent yield on anthony’s stock?
a. 6.03%
b. 2.17%
c. 0.0603%
d. 0.0217%

Explanation:

Step1: Find total investment

Total investment = Price per share × Number of shares = $18.89 × 360 = $6800.4

Step2: Calculate percent yield

Percent yield = (Annual earnings / Total investment) × 100 = ($410.40 / $6800.4) × 100 ≈ 6.03%

Answer:

a. 6.03%