Get the answers you need from a community of experts on IDNLearn.com. Our community provides timely and precise responses to help you understand and solve any issue you face.
The cash return on the stock given its value now, dividend per share and its value in a year's time is 3.34% .
The cash return is the sum of the dividend yield and the price return.
Dividend yield = dividend / price of the share today
$4 / 60 = 6.67%
Price return = (price in year's time - price today) / price today
= (58 - 60) / 60 = -3.33%
Cash return = 6.67% - 3.33% = 3.34%
To learn more about dividend yield, please check: https://brainly.com/question/27342287
#SPJ1