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A company's stock is selling for $108.30 per share at year-end. This current year it paid shareholders an $8.30 per share cash dividend, reported earnings per share of $11, and had 750,000 common shares outstanding at year-end. Calculate the company's dividend yield.

A company's stock is selling for $108.30 per share at year-end. This current year it paid shareholders an $8.30 per share cash dividend, reported earnings per share of $11, and had 750,000 common shares outstanding at year-end. Calculate the company's dividend yield.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A company's stock is selling for $108.30 per share at year-end. This current year it paid shareholders an $8.30 per share cash dividend, reported earnings per share of $11, and had 750,000 common shares outstanding at year-end. Calculate the company's dividend yield.
Transcribed Image Text:A company's stock is selling for $108.30 per share at year-end. This current year it paid shareholders an $8.30 per share cash dividend, reported earnings per share of $11, and had 750,000 common shares outstanding at year-end. Calculate the company's dividend yield.
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