You found the following stock quote for DRK Enterprises, Inc., at your favorite website. You also found that the stock paid an annualdividend of $.56, which resulted in a dividend yield of 1.50 percent.YTDDAILYclose%ChgSymbolVolChg8ChgCompanyDRK Enterprises18,649,130.260.70%8.738??DRKa. What was the closing price for this stock yesterday? (Do not round intermediate calculations. Round your answer to 2 decimalplaces.)Closing priceb. How many round lots of stock were traded? (Round your answer to the nearest whole round lot.)Traded lots

Dividend yield refers to the annual dividend return based on the last traded price of share.

Answered: You found the following stock quote for…

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

Section: Chapter Questions

Problem 2MAD

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You found the following stock quote for DRK Enterprises, Incorporated, at your favorite website. You also found that the stock paid an annual dividend of $0.75, which resulted in a dividend yield of 1.60 percent. Company DRK Enterprises Closing price Symbol Volume Close DRK 18,649, 130 ?? DAILY Change 0.26 Traded lots a. What was the closing price for this stock yesterday based on today's closing price? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b. How many round lots of stock were traded? Note: Round your answer to the nearest whole round lot. Change 0.55% YTD %Change 8.73% High 78.19 52 WEEK Low 29.46 Change 11.0%
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