Last year mike bought 100 shares of dallas corporation common stock for $53 per share. during the year he received dividends of $1.45 per share. the stock is currently selling for $60 per share. what rate of return did mike earn over the years

Last year mike bought 100 shares of Dallas corporation common stock for = $53 per share

he received this year dividends of = $1.45 per share

stock is currently selling for = $60 per share

rate of return = ?

capital yield % = (60 - 53 / 53) x 100 = 0.132 x 100 = 13.2%

dividend yield % = (1.45 / 53) x 100 = 0.0273 x 100 = 2.73%

Total yield or rate of return will be = 13.2 + 2.73 = 15.94 %