Frances bought 144 shares of dwyn horticulture for $7.73 apiece. her broker charged her a commission of $46.15 for the purchase. if the yearly dividend on dwyn horticulture is 61 cents per share, what is the annual yield on frances’s stock?

Answer to this question is 0.0758

Step-by-step explanation:

Given:

Number of shares = 144

Price of one share = $7.73

Commission charged by broker= $46.15

Total amount spent by company=144 * 7.73 + 46.15 =$1159.27

Dividend per share = 61 cents.

Since total amount is in dollars we convert this to dollar too.

$1= 100 cents

Therefore, 61 cents= $0.61

Annual dividend = dividend per share * total number of share

= 0.61 * 144

Annual yield= Annual dividend / Share price

= 0.61 * 144 / 1159.27                      

=0.07577

= 0.0758 ( approx.) which is the answer

i hope this is what you were looking for.

see attached graph

table 3 represents a direct variation function. : )