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You purchased 240 shares of stock at a price of $37.92 per share. Over the last year, you have received total dividend income of $255. What is the dividend yield

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Answer: 2.8%

Explanation:

Dividend yield is calculated as dividend per share divided by the price per share.

Dividend per share = 255/240 = $‭1.0625‬

Dividend yield = ‭1.0625‬/ 37.92

= 2.8%

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