Ovit, Inc. has preferred stock with a price of $19.61 and a dividend of $1.53 per year. What is its dividend yield?The dividend yield is [ ]%. (Round to one decimal place.)

Given, Annual dividend = $1.53 Current stock price = $19.61 Dividend yield = Annual dividend /…

Answered: Ovit, Inc. has preferred stock with a…

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

Section: Chapter Questions

Problem 1PS

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Ovit, Inc. has preferred stock with a price of $19.61 and a dividend of $1.53 per year. What is its dividend yield? The dividend yield is %. (Round to one decimal place.)