Assume that the following quote for Merck, a NYSE stock, appeared on August 1, 2012 (Tuesday) on
Question:
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Given this information, answer the following questions.
a. At what price did the stock sell at the time of the quote?
b. What is the stock's price/earnings ratio? What does that indicate?
c. What is the last price at which the stock traded on the prior trading day?
d. What is the stock's dividend yield?
e. What are the highest and lowest prices at which the stock traded during the latest 52-week period?
f. How large is the market capitalization of the company?
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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a Price of stock at time of quote was 4456 at 134pm EDT on August 1 2012 b The price ea...View the full answer
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Related Book For 
Personal Financial Planning
ISBN: 978-1111971632
13th edition
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
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