Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Polycom Systems earned $576 million last year and paid out 25 percent of earnings in dividends. a. By how much did the company's retained earnings

image text in transcribed

Polycom Systems earned $576 million last year and paid out 25 percent of earnings in dividends. a. By how much did the company's retained earnings increase? (Do not round intermediate calculations. Input your answer in dollars, not millions (e.g., $1,234,000).) Addition to retained earnings b. With 100 million shares outstanding and a stock price of $96, 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.) Dividend yield %

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

Financial Management Theory And Practice

Authors: Prasanna Chandra

10th Edition

9353166527, 978-9353166526

More Books

Students also viewed these Finance questions

Question

What is an insurable interest? Why is it important?

Answered: 1 week ago

Question

How can we visually describe our goals?

Answered: 1 week ago

Question

2. What are your challenges in the creative process?

Answered: 1 week ago