Question
66) A company paid $0.84 in cash dividends per share. Its earnings per share is $4.56 and its market price per share is $25.50. Its
66) A company paid $0.84 in cash dividends per share. Its earnings per share is $4.56 and its market price per share is $25.50. Its dividend yield equals:
A) 17.88%. B) 18.42%.
C) 3.04%. D) 3.29%.
E) 5.43%.
67) Sweet Company's outstanding stock consists of 1200 shares of cumulative 4% preferred stock with a $100 par value and 11,200 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends.
| Dividend Declared | |
Year 1 | $ | 3200 |
Year 2 | $ | 7200 |
Year 3 | $ | 38,000 |
The total amount of dividends paid to preferred and common shareholders over the three-year period is:
A) $12,000 preferred; $36,400 common. B) $4800 preferred; $43,600 common.
C) $14,400 preferred; $34,000 common. D) $12,800 preferred; $35,600 common.
E) $9600 preferred; $38,800 common.
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