Linda owns 357 shares of common stock in a software company. The software company recently paid a cash dividend of $4.25 per share. If the current price of the stock is $16.75, what is the dividend yield of the stock?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Linda owns 357 shares of common stock in a software
company. The software company recently paid a cash
dividend of $4.25 per share. If the current price of the
stock is $16.75, what is the dividend yield of the stock?
Transcribed Image Text:Linda owns 357 shares of common stock in a software company. The software company recently paid a cash dividend of $4.25 per share. If the current price of the stock is $16.75, what is the dividend yield of the stock?
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