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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%

Respuesta :

the answer is A.6.03

Answer:

The correct option is A.

Step-by-step explanation:

Number of shares is 360. Total earnings from 360 shares is $410.40. Chambers Translation cost $18.89 per share when Anthony bought it.

Total cost of 360 shares is,

[tex]360\times 18.89=6800.4[/tex]

Yield on authority stock is

[tex]Y=\frac{\text{Total Earning}}{\text{Total Cost}}\times 100[/tex]

[tex]Y=\frac{\text{410.40}}{\text{6800.4}}\times 100=6.0349\approx 6.03[/tex]

Therefore option A is correct.

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