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At the market close on March 15 of a recent year, Crest Inc. had a closing stock price of $105. In addition, Crest Inc. paid a dividend per share of $5.75 during the previous year. Determine Crest Inc.'s dividend yield. (Round to one decimal place.)

At the market close on March 15 of a recent year, Crest Inc. had a closing stock price of $105. In addition, Crest Inc. paid a dividend per share of $5.75 during the previous year. Determine Crest Inc.'s dividend yield. (Round to one decimal place.)

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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At the market close on March 15 of a recent year, Crest Inc. had a closing stock price of $105. In addition, Crest Inc. paid a dividend per share of $5.75 during the previous year. Determine Crest Inc.'s dividend yield. (Round to one decimal place.)
Transcribed Image Text:At the market close on March 15 of a recent year, Crest Inc. had a closing stock price of $105. In addition, Crest Inc. paid a dividend per share of $5.75 during the previous year. Determine Crest Inc.'s dividend yield. (Round to one decimal place.)
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