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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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