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Question 106

A man invested 27,000 in 12 1/2% stock at 108, then his yield percentage is

yield % = $$\frac{Dividend}{\textrm{Stock Price}} * 100$$%

= $$\frac{12.5}{108} * 100$$ = $$\frac{625}{54}$$

= 11$$\frac{31}{54}$$%

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