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

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 8P
icon
Related questions
Question

Need Ans financial accounting question

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
Transcribed Image Text: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
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