Question 3 Zion has 121 shares of company LMN stock.  LMN issued dividend payments every quarter that totaled $1.19 per share for the entire year.  The current price for LMN stock is $34.87 per share. What is the current dividend yield for LMN stock? Round your answer to the hundredth of a percent.  Input just the number.  Do not input the percent sign.  Do not use a comma.  Example: 3.27

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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Question 3

Zion has 121 shares of company LMN stock.  LMN issued dividend payments every quarter that totaled $1.19 per share for the entire year.  The current price for LMN stock is $34.87 per share. What is the current dividend yield for LMN stock?

Round your answer to the hundredth of a percent.  Input just the number.  Do not input the percent sign.  Do not use a comma.  Example: 3.27

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