Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Polycom Systems earned $487 million last year and paid out 24 percent of earnings in dividends. a. By how much did the company's retained earnings

image text in transcribed

Polycom Systems earned $487 million last year and paid out 24 percent of earnings in dividends. a. By how much did the company's retained earnings increase? Note: Do not round intermediate calculations. Input your answer in dollars, not millions (e.g., \$1,234,000). b. With 100 million shares outstanding and a stock price of $163, what was the dividend yield? (Hint: First compute dividends per share.) Note: Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Money Banking And Financial Markets

Authors: Stephen G. Cecchetti

2nd International Edition

0071287728, 9780071287722

More Books

Students also viewed these Finance questions