What return did dayne earn each year he held the stock

Reference no: EM13276075

Yesterday dayne sold the 250 shares of the Johnson & Johnson stock that he owned for $61 per share. When he purchased the stock two years ago, dayne paid $59.50 per share. Every three months during the time that he held the stock, dayne received a quarterly dividend equal to $.50. (a) what return yield did dayne earn during the two years that he held J$J? (b) if the price of the stock was $63 per share one year ago, what return did dayne earn each year he held the stock? (problem worked out if possible)

Reference no: EM13276075

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