Net income for Year 2 was $30,400. Dividends on common stock during Year 2 totaled $6,400. The
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Net income for Year 2 was $30,400. Dividends on common stock during Year 2 totaled $6,400. The market price of common stock at the end of Year 2 was $3.08 per share.
common stock per value $5 2nd year:$400,000; 1st year: $400,000
Additional pay in capital in common stock, 2nd year: $60,000; 1st year $60,000
Retained Earnings: 2nd year:654,000 1st year: 630,000
Total Stockholder's equity: 2nd year: $1,114,000 1st year: $1,090,000
The company's dividend yield ratio for Year 2 is closest to:
A)21.1%B)2.6%C)1.6%D)14.7%
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