Suppose a stock had an initial price of $98 per share, paid a dividend of $3.20 per share during the year, and had an ending share price of $106.What was the dividend yield?

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter7: Valuation Of Stocks And Corporations
Section7.4: Valuing Common Stocks
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Suppose a stock had an initial price of $98 per share, paid a dividend of
$3.20 per share during the year, and had an ending share price of $106.What
was the dividend yield?
Transcribed Image Text:Suppose a stock had an initial price of $98 per share, paid a dividend of $3.20 per share during the year, and had an ending share price of $106.What was the dividend yield?
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