Hilltop garage pays a constant annual dividend one year ago, Financial Management

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Hilltop garage pays a constant annual dividend one year ago

Hilltop Garage pays a constant annual dividend. One year ago, when you purchased shares of that stock at $12 a share, the dividend yield was 2 percent. Over this past year, the inflation rate has been 2.6 percent. Today, the required return on this stock is 8 percent and you just sold all of your shares. What is your total nominal return on this investment? (Please explain)

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Financial Management: Hilltop garage pays a constant annual dividend one year ago

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Financial Management: Hilltop garage pays a constant annual dividend one year ago

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