Buknoy owns 300 shares of 6% of preferred stocks with a par value of P82.00. What is his stock yield if he paid P78 for thestock? P86 for the stock?Select one:O a. 5.79%; 6.51%O b. 5.15%; 5.79%O c. 6.51%; 5.97%O d. 6.15%; 5.79%O e. No answer

Stock yield measures return earned by a security on purchasing some amount of stock. This is…

Answered: Buknoy owns 300 shares of 6% of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Problem 1Q

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Buknoy owns 300 shares of 6% of preferred stocks with a par value of P82.00. What is his stock yield if he paid P78 for the stock? P86 for the stock? Select one: O a. 5.79%; 6.51% O b. 5.15%; 5.79% O c. 6.51%; 5.97% O d. 6.15%; 5.79% e. No answer