On january 1 garrity jones purchased 100 shares of anchor, Ask an Expert

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On January 1, Garrity Jones purchased 100 shares of Anchor Concrete’s common stock for $80 per share. It is now December 31 of the same year and the market value of the stock is $75 per share. During the year Garrity received dividends that totaled $5 per share. a. What is the total dollar return that Garrity earned during the year? b. Compute the yield (percent return) associated with the investment for the year.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92418436

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