Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Polycom Systems earned $542 million last year and paid out 20 percent of earnings in dividends. a. By how much did the companys retained earnings

Polycom Systems earned $542 million last year and paid out 20 percent of earnings in dividends.

a. By how much did the companys retained earnings increase? (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 $140, what was the dividend yield? (Hint: First compute dividends per share.) (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

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

Analysis For Financial Management

Authors: Robert Higgins, Jennifer Koski, Todd Mitton

13th Edition

1260772365, 978-1260772364

More Books

Students also viewed these Finance questions

Question

differentiate the function ( x + 1 ) / ( x ^ 3 + x - 6 )

Answered: 1 week ago

Question

What is the role of communication (Chapter 4) in leadership?

Answered: 1 week ago