Stock in Chambers Translation cost $18.89 per share when Anthony bought it. He earns $410.40 per year from his 360 shares in Chambers Translation. What is the percent yield on Anthony’s stock?
We are asked to solve for the percent yield on Anthony's stock and the solution is shown below: Cost per share = $18.89 Number of shares = 360 Earned per year = $410.40
Total shares = $18.89 * 360 = $6800.4 Percent yield = $410.40 / $6800.4 = 0.06035 or 6.035%
