Frances bought 144 shares of Dwyn Horticulture for $7.73 apiece. Her broker charged her a commission of $46.15

Question

Frances bought 144 shares of Dwyn Horticulture for $7.73 apiece. Her broker charged her a commission of $46.15 for the purchase. If the yearly dividend on Dwyn Horticulture is 61 cents per share, what is the annual yield on Frances’s stock?
a.
0.0758
b.
0.0789
c.
0.0132
d.
0.0320

GPT-5 mini · Answer

Total cost = 144(7.73) + 46.15 = 1,113.12 + 46.15 = 1,159.27
Annual dividend = 144(0.61) = 87.84
Yield = 87.84 / 1,159.27 ≈ 0.0758

Answer: a. 0.0758

Frances bought 144 shares of Dwyn Horticulture for $7.73 apiece. Her broker charged her a commission of $46.15 for the purchase. If the yearly dividend on Dwyn Horticulture is 61 cents per share, what is the annual yield on Frances’s stock?
a.
0.0758
b.
0.0789
c.
0.0132
d.
0.0320

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Frances bought 144 shares of Dwyn Horticulture for $7.73 apiece. Her broker charged her a commission of $46.15 for the purchase. If the yearly dividend on Dwyn Horticulture is 61 cents per share, what is the annual yield on Frances’s stock? a. 0.0758 b. 0.0789 c. 0.0132 d. 0.0320

All Answers 1

Submit Your Answer

Frances bought 144 shares of Dwyn Horticulture for $7.73 apiece. Her broker charged her a commission of $46.15 for the purchase. If the yearly dividend on Dwyn Horticulture is 61 cents per share, what is the annual yield on Frances’s stock?
a.
0.0758
b.
0.0789
c.
0.0132
d.
0.0320