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Required Information [The following information applies to the questions displayed below.) The following information was extracted from the records of TAC Corporation at the end

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Required Information [The following information applies to the questions displayed below.) The following information was extracted from the records of TAC Corporation at the end of the fiscal year after all adjusting entries were completed: Common tok (516 par valse; 100,000 shares authorized, 37,000 shares issued, 33,000 shares outstanding) Additional poid-in capital Dividends declared and paid during the year Retained earnings at the beginning of the year Treasury stock at coat (4,000 shares) $592,000 167,000 11,000 77,000 (29,000) Net Income for the year was $43,000. The stock price is currently $25.09 per share. 2-a. Compute the dividend yield ratio (Enter your answer as a percentage rounded to 2 decimal places (l.e. 01234 should be entered as 12.34).) Dividendyold rubio 2-b. Determine the number of shares of stock that received dividends. Number of share

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