Yield on investment, Question: What was the yield on this investment? Note: Please, Accounting Basics

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Yield on investment

Problem:

You invest $2,961 in stock and receive $36, $38, $38, and $36 in dividends over the following 4 years. At the end of the 4 years, you sell the stock for $4,300.

Required:

Question: What was the yield on this investment?

Note: Please provide step by step solution.

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Accounting Basics: Yield on investment

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Accounting Basics: Yield on investment

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