Question

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?

Answer 1

the answer is A. on edge

Step-by-step explanation:

Answer 2

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%

The answer os 6.035%.