In this sum, annual dividend yield is calculated on the basis of share price. But in similar sum i.e problem 2 page 96, annual dividend yield is calculated on average of return from market funds.
Please clarify which process to follow
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In the first sum they are calculating expected return of stock x so annual dividend yield is calculated on the basis of share price of x, in the second sum they are calculating expected return of market index so average dividend yield is calculated using market index returns