Question
Polycom Systems earned $546 million last year and paid out 20% of earnings in dividends. a. By how much did the company's retained earnings increase?
Polycom Systems earned $546 million last year and paid out 20% of earnings in dividends.
a. By how much did the company's retained earnings increase? (Answer in dollars, not millions)
b. With 100 million shares outstanding and a stock price of $163, what was the dividend yield? (Round the intermediate and final answer to 2 decimal places)
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
12th edition
978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707
