The following stock quotations were recently reported in The Wall Street Journal:

47.22 31.45 10.3 AT&T T 3.6 21 39.43 0.26 97.15 72.63 0.1 Boeing BA 1.6 31 88.91 –0.85 71.46 52.16 –8.7 JohnsJohns JNJ 2.5 16 60.26 –0.08

a. What are the dividend yields on the common stock of AT&T, Boeing, and Johnson & Johnson?

b. What possible explanation can you give for the differences in the common stock dividend yields observed in part a?

c. What is the current price–earnings ratio for Boeing and Johnson & Johnson?

d. What possible explanation can you give for the differences in the price–

earnings ratios observed in part c? P=758