What return did stuart earn for each year

Reference no: EM131969057

Question: Earlier today, Stuart sold 200 shares of stock he owned. He purchased the stock three years ago for $28 per share. Following is a table that shows the market value of the stock at the end of each year and the amount of the dividend that Stuart received during the year:

YEAR	MARKET VALUE (PER SHARE)	DIVIDEND (PER SHARE)
1	$26	$0.60
2	28	0.60
3	32	0.60

(a) What total return (yield) did Stuart earn during the three-year period he held the stock?

(b) What return did Stuart earn for each year he held the stock?

Reference no: EM131969057

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