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Woodrow Corporation had the following information in its financial statements for the years ended 2017 and 2018: Cash dividends for the year 2018 $
Woodrow Corporation had the following information in its financial statements for the years ended 2017 and 2018: Cash dividends for the year 2018 $ 4,000 Net income for the year ended 2018 90,000 Market price of stock, 12/31/17 20 Market price of stock, 12/31/18 22 Common stockholders' equity, 12/31/17 1,500,000 Common stockholders' equity, 12/31/18 1,800,000 Outstanding shares, 12/31/18 150,000 Preferred dividends for the year ended 2018 10,000 What is the rate of return on common stock for Woodrow Corporation for the year ended 2018? 4.45% 4.85% 5.0% 5.34%
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