Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Polycom Systems earned $553 million last year and paid out 25 percent of earnings in dividends. a. By how much did the companys retained earnings
Polycom Systems earned $553 million last year and paid out 25 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 $101, 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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started