What was the dividend yield on this investment

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Suppose you purchased 1,000 shares of Pan Am Airlines at the beginning of the year for $22.99. By the end of the year, the stock price had appreciated to $26.57. At the end of the year, Pan Am paid a dividend of $0.56 per share. Calculate the dividend yield on this investment over the year. What was the dividend yield on this investment over the year?

Reference no: EM131065703

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