Alan Jackson bought 300 shares of MTY stock at $47. Commission charges were $0.20 per share. A dividend of $1.70 per share was paid this year. Compute the rate of yield. (Round answer to two decimal places.)​

Commission Charges

Fees assessed for services provided, often calculated as a percentage of the transaction value, such as in trading or sale transactions.

Dividend

A Dividend is a portion of a company's earnings distributed to its shareholders, typically in the form of cash or additional shares.

Rate of Yield

The rate of yield is the return on an investment over a period of time, expressed as a percentage of the investment's cost.