You purchased 250 shares of stock at a price of $28.40 per share. Over the last year, you have received a total dividend income of $275. What is the dividend yield? A. 3.87 percent B. 3.92 percent C. 4.02 percent D. 3.75 percent

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
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Chapter7: Common Stock: Characteristics, Valuation, And Issuance
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Please give me true answer this financial accounting question

You purchased 250 shares of stock at a price of $28.40 per share. Over the last year,
you have received a total dividend income of $275.
What is the dividend yield?
A. 3.87 percent
B. 3.92 percent
C. 4.02 percent
D. 3.75 percent
Transcribed Image Text:You purchased 250 shares of stock at a price of $28.40 per share. Over the last year, you have received a total dividend income of $275. What is the dividend yield? A. 3.87 percent B. 3.92 percent C. 4.02 percent D. 3.75 percent
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