Please help me with this question general Accounting You purchased 560 shares of stock at a price of $52.56per share. Over the last year, you have received a totaldividend income of $655. What is the dividend yield?A) 1.2 percentB) 2.2 percentC) 12.5 percentD) 69.8 percentE) 14.6 percent

To calculate the dividend yield, we'll use the following formula:Dividend Yield = (Total Dividend…

Answered: You purchased 560 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 8P

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You purchased 560 shares of stock at a price of $52.56 per share. Over the last year, you have received a total dividend income of $655. What is the dividend yield? A) 1.2 percent B) 2.2 percent C) 12.5 percent D) 69.8 percent E) 14.6 percent