Photo AI

A person owns 1526 shares with a market value of $8.75 per share - HSC - SSCE Mathematics Standard - Question 21 - 2019 - Paper 1

Question icon

Question 21

A-person-owns-1526-shares-with-a-market-value-of-$8.75-per-share-HSC-SSCE Mathematics Standard-Question 21-2019-Paper 1.png

A person owns 1526 shares with a market value of $8.75 per share. The total dividend received for these shares is $1068.20. Calculate the percentage dividend yield.

Worked Solution & Example Answer:A person owns 1526 shares with a market value of $8.75 per share - HSC - SSCE Mathematics Standard - Question 21 - 2019 - Paper 1

Step 1

Calculate total value of the shares

96%

114 rated

Answer

To find the total value of the shares, multiply the number of shares owned by the market value per share:

extTotalValue=1526imes8.75=13375.00 ext{Total Value} = 1526 imes 8.75 = 13375.00

Step 2

Calculate the percentage dividend yield

99%

104 rated

Answer

The percentage dividend yield can be calculated using the formula:

extDividendYield=Total DividendTotal Value ext{Dividend Yield} = \frac{\text{Total Dividend}}{\text{Total Value}}

Inserting the known values:

extDividendYield=1068.2013375.00≈0.08 ext{Dividend Yield} = \frac{1068.20}{13375.00} \approx 0.08

Thus, the percentage dividend yield is approximately 8%.

Join the SSCE students using SimpleStudy...

97% of Students

Report Improved Results

98% of Students

Recommend to friends

100,000+

Students Supported

1 Million+

Questions answered

;