Six months ago, you purchased 100 shares of stock in Global Trading at a price of $38.70 a share

Six months ago, you purchased 100 shares of stock in Global Trading at a price of $38.70 a share. The stock pays a quarterly dividend of $0.15 a share. Today, you sold all of your shares for $40.10 per share. What is the total amount of your dividend income on this investment?    A.  $15 B.  $30 C.  $45 D.  $50 E.  $60 Dividend income = ($0.15 × 2) × 100 = $30

56.

A year ago, you purchased 300 shares of Stellar Wood Products, Inc. stock at a price of $8.62 per share. The stock pays an annual dividend of $0.10 per share. Today, you sold all of your shares for $4.80 per share. What is your total dollar return on this investment?    A.  -$382 B.  -$1,372 C.  -$1,528 D.  -$1,116 E.  -$1,360 Total dollar return = ($4.80 - $8.62 + $0.10) × 300 = -$1,116

57.	You own 400 shares of Western Feed Mills stock valued at $51.20 per share. What is the dividend yield if your annual dividend income is $352?    A.  1.68 percent B.  1.72 percent C.  1.83 percent D.  1.13 percent E.  1.21 percent Dividend yield = ($352/400)/$51.20 = 1.72 percent

58.

West Wind Tours stock is currently selling for $48 a share. The stock has a dividend yield of 3.2 percent. How much dividend income will you receive per year if you purchase 200 shares of this stock?    A.  $24.96 B.  $36.20 C.  $424.80 D.  $362.00 E.  $307.20 Dividend income = $48 × 0.032 × 200 = $307.20

59.

One year ago, you purchased a stock at a price of $47.50 a share. Today, you sold the stock and realized a total loss of 22.11 percent. Your capital gain was -$12.70 a share. What was your dividend yield?    A.  4.63 percent B.  4.88 percent C.  5.02 percent D.  12.67 percent E.  14.38 percent Dividend yield = -0.2211 - (-12.70/$47.50) = 4.63 percent