A particular stock has a dividend yield of 1.3 percent. Last year, the stock price fell from $64 to $59. What was the total percentage rate of return for the year?

The total percentage rate of return for the year is - 6.51%

Explanation:

Capital Gain Yield = ($59 - $64) / $64

= - $5 / $64

= - 7.81%

Since the dividend yield is 1.3%:

Total return = - 7.81% + 1.3%

= - 6.51%

Therefore, The total percentage rate of return for the year is - 6.51%