Answer:
3.75%
Explanation:
Purchase price of the stock = $32
Total return on the stock:
= Purchase price of the stock × Total return
= 32 × 14.62%
= $4.6784
Dividend gain on the stock:
= Purchase price of the stock + Total return on the stock - capital gain - Purchase price
= $32 + $4.6784 - $3.48 - $32
= $1.1984
Dividend yield:
= Dividend gain on the stock ÷ Purchase price of the stock
= $1.1984 ÷ 32
= 3.75%
