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Polycom Systems earned $574 million last year and paid out 24 percent of earnings in dividends. a. By how much did the companys retained earnings
Polycom Systems earned $574 million last year and paid out 24 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 $117, 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.)
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