Q-1: Aaron Ramos bought 300 shares of Wells Fargo stock at $32 and paid a $19.95 commission. A dividend of $2.15 per share was paid this year. What was the rate of yield? Q-2: Refer back to Q-1. If Aaron sold his stock after 3 years at $36.50, less $19.95 commission, what were the amount and the percent of gain or loss?

Q-1: Aaron Ramos bought 300 shares of Wells Fargo stock at $32 and paid a $19.95 commission. A dividend of $2.15 per share was paid this year. What was the rate of yield? Q-2: Refer back to Q-1. If Aaron sold his stock after 3 years at $36.50, less $19.95 commission, what were the amount and the percent of gain or loss?

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter7: Stocks (equity) - Characterstics And Valuation

Section: Chapter Questions

Problem 2PROB

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