You purchased 300 shares of stock at a price of $21.72 per share. Over the last year, you have received a total dividend income of $210. What is the dividend yield? A. 3.06 percent B. 3.22 percent C. 3.17 percent D. 2.92 percent E. 2.94 percent
You purchased 300 shares of stock at a price of $21.72 per share. Over the last year, you have received a total dividend income of $210. What is the dividend yield? A. 3.06 percent B. 3.22 percent C. 3.17 percent D. 2.92 percent E. 2.94 percent
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 5P
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Question
What is the dividend yield on these financial accounting question?

Transcribed Image Text:You purchased 300 shares of stock at a price of $21.72
per share. Over the last year, you have received a total
dividend income of $210. What is the dividend yield?
A. 3.06 percent
B. 3.22 percent
C. 3.17 percent
D. 2.92 percent
E. 2.94 percent
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