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

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 5P
icon
Related questions
Question

What is the dividend yield on these financial accounting question?

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
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
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT