Question
Consider the following information: Beginning number of shares .......................................... 80,000 Ending number of shares ............................................... 97,000 Dividend per share ......................................................... $2.54 Market price per share
Consider the following information:
Beginning number of shares .......................................... 80,000
Ending number of shares ............................................... 97,000
Dividend per share ......................................................... $2.54
Market price per share .................................................. $74.99
Net income ..................................................................... $930,000
The dividend yield is
Options:
- 1.70%
- 5.50%
- 9.60%
- 3.40%
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The correct option is D 340 Explanation The divid...
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
