Financial Accounting please solve this one You purchased 300 shares of stock at a price of $21.72 pershare. Over the last year, you have received a total dividendincome of $210. What is the dividend yield?A. 3.06 percentB. 3.22 percentC. 3.17 percentD. 2.92 percentE. 2.94 percent

Step 1: Define Dividend YieldDividend yield ratio is a quantity used to measure the risk associated…

Answered: You purchased 300 shares of stock at a…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter7: Common Stock: Characteristics, Valuation, And Issuance

Section: Chapter Questions

Problem 5P

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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