Question
The current market price of Apple stock is $154.30. Its earnings per share in the last quarter (quarter ending June 30, 2021) was $30 while
The current market price of Apple stock is $154.30. Its earnings per share in the last quarter (quarter ending June 30, 2021) was $30 while its total earnings per share in the last 4 quarters was $5.15. Apple is expected to pay 22 cent per share in the next quarter. What is its earnings yield?
- 19.92%
- 17.91%
- 0.84%
- 3.34%
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
Continuous Time Finance
Authors: Robert C. Merton
1st Edition
0631185089, 978-0631185086
