Home / Questions / Nathan buys several shares of ABC Corp. stock for $60 each. At the end of one year, the st

Nathan buys several shares of ABC Corp. stock for $60 each. At the end of one year, the st

Nathan buys several shares of ABC Corp. stock for $60 each. At the end of one year, the stock price has risen to $66. Plus he was paid a dividend of $3 per share. What is the approximate rate of return (or yield) on this investment for the year. (You can ignore any commissions or taxes.)
6 percent

9 percent

12 percent

15 percent

18 percent

Nov 07 2017 Read more Less More

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