Cremer Incorporated receives a dividend of $5.23 per share. Today's closing price of the stock is $78888.81 The current stock yield to the nearest tenth of a percent is:

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 8P
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Cremer Incorporated receives a dividend of $5.23 per share. Today's closing price of the stock is $78888.81 The current stock yield to the nearest tenth of a percent is:

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