Margaret Jones bought 1,000 shares of DVG stock at $26. Commission charges were $0.20 per share. A dividend of $1.10 per share was paid this year. Compute the rate of yield. (Round answer to two decimal places.)

Question

Margaret Jones bought 1,000 shares of DVG stock at $26. Commission charges were $0.20 per share. A dividend of $1.10 per share was paid this year. Compute the rate of yield. (Round answer to two decimal places.)​

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The Answer of Margaret Jones bought 1,000 shares of DVG stock at $26. Commission charges were $0.20 per share. A dividend of $1.10 per share was paid this year. Compute the rate of yield. (Round answer to two decimal places.)​

Margaret Jones Bought 1,000 Shares of DVG Stock at $26