Ovit, Inc., has preferred stock with a price of $20 and a dividend of $1.50 per year. What is its dividend yield?

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
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What is it's dividend yield on this financial accounting question?

Ovit, Inc., has preferred stock with a price of
$20 and a dividend of $1.50 per year.
What is its dividend yield?
Transcribed Image Text:Ovit, Inc., has preferred stock with a price of $20 and a dividend of $1.50 per year. What is its dividend yield?
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