FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose a corporation sells stock at $11 per share. Compute the dividend yield if the total dividend for the quarter is $160,117 distributed among 1,288,028

image text in transcribed

Suppose a corporation sells stock at $11 per share. Compute the dividend yield if the total dividend for the quarter is $160,117 distributed among 1,288,028 shares. Round your answer to the nearest tenth of a percent

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

Create Wealth Over The Long Run Give Yourself The Life You Deserve

Create Wealth Over The Long Run Give Yourself The Life You Deserve

Authors: Micheal J. Bess

1st Edition

979-8865993711

More Books

Students also viewed these Finance questions

Question

★★★★★
Explain how a physical inventory count would be used differently by a company using a perpetual inventory system vs. a period inventory system.

Answered: 1 week ago

Question

★★★★★
2 If it is, why does this issue exist?

Answered: 1 week ago

Question

★★★★★
In the evening, would you rather play a game, visit a relative, watch a movie, or read?

Answered: 1 week ago

Question

★★★★★
Chelsea Household Renovations (CHR) is a rapidly growing company that has not been profitable despite increases in sales. It has hired you as a consultant to find ways to improve profitability. You...

Answered: 1 week ago

Question

★★★★★
Suppose a corporation sells stock at $11 per share. Compute the dividend yield if the total dividend for the quarter is $160,117 distributed among 1,288,028 shares. Round your answer to the nearest...

Answered: 1 week ago

Question

★★★★★
CCC Inc. is a Canadian controlled private corporation. During the year, CCC Inc. made charitable donations of $13,000. It has a charitable donation carry forward from the preceding year of $2,000....

Answered: 1 week ago

Question

★★★★★
Each of the following secondary authorities specifically discusses an intoxicated party's ability to form a contract. Retrieve and review each source by typing or copying the citation into the search...

Answered: 1 week ago

Question

★★★★★
On July 1, 20x0, Ran County issued realty tax assessments for its fiscal year ended June 30, 20x1. On September 1, 20x0, Day Co. purchased a warehouse in Ran County. The purchase price was reduced by...

Answered: 1 week ago

Question

★★★★★
Why is Disneys ROE lower than Netflixs in 2019? Should Antonia Crowley be concerned? Explain why she should or should not be concerned?

Answered: 1 week ago

Question

★★★★★
Solve 14 (solve significant digits and proper units) 14. Mr. Richmond is attempting a death defying stunt by firing himself out of a cannon. The cannon will launch Mr. Richmond with a speed of...

Answered: 1 week ago

Question

★★★★★
Dr. McGinnis was involved in the Clean Lakes Study at Lake Allatoona, Georgia, and facilitated the creation of a collaborative network of federal, state, regional, and local agencies and...

Answered: 1 week ago

Question

★★★★★
As Electronic Commerce grows people are trying to find new ways to make money off of it.

Answered: 1 week ago

Question

★★★★★
We give a notification not only to the customer but also our salespeople that the product has been shipped because they will want to follow up.

Answered: 1 week ago

Question

★★★★★
When deciding between these various suppliers, we found that each of them offer both advantages and also disadvantages.

Answered: 1 week ago

Previous Question Next Question