you purchased 240 shares of stock at a price of $37.92 per share. over the last year, you have received total dividend income of $255. what is the dividend yield? multiple choice 1.1% 6.7% 2.8% 7.1% 16.1% question 1 of 10 total 1 of 10 mcgraw hill
Dividend yield is calculated as dividend per share divided by the price per share. Dividend per share = 255/240 = $1.0625Dividend yield = 1.0625/ 37.92= 2.8%
