2. Last year, Shanna Young purchased 100 shares of Iowa Farm Implement. During the last 12 months,...
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2. Last year, Shanna Young purchased 100 shares of Iowa Farm Implement. During the last 12 months, she received dividends totaling
$1.20 a share. During the 12-month period, the company earned $4.00 a share.
a. For the 12-month period, what is the amount of total dividends that Ms. Young received?
b. If a share of Iowa Farm Implement is selling for $52 a share, what is the dividend yield?
c. What is the dividend payout during this 12-month period?
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