Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Polycom Systems earned $492 million last year and paid out 28 percent of earnings in dividends. a. By how much did the companys retained earnings

Polycom Systems earned $492 million last year and paid out 28 percent of earnings in dividends.

a. By how much did the companys retained earnings increase?

b. With 100 million shares outstanding and a stock price of $148, what was the dividend yield? (Hint: First compute dividends per share.)

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

Step: 3

blur-text-image

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

The FinTech Book The Financial Technology Handbook For Investors Entrepreneurs And Visionaries

Authors: Susanne Chishti, Janos Barberis

1st Edition

111921887X, 9781119218876

More Books

Students also viewed these Finance questions

Question

Apply your own composing style to personalize your messages.

Answered: 1 week ago

Question

Format memos and e-mail properly.

Answered: 1 week ago