Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You have the following information on stock ABC: DIV = 1.25, YLD (%) = 5.00, PE = 10, CLOSE = 20.50. There are one million
You have the following information on stock ABC: DIV = 1.25, YLD (%) = 5.00, PE = 10, CLOSE = 20.50. There are one million shares of the stock outstanding. Which of the following is TRUE?
(A) The percentage of earnings paid out in dividends over the previous 12 months was 61 percent.
(B) Total earnings over the prior 12 months was $20.5 million. (C) Market capitalization is $10 million. (D) The earnings per share over the prior 12 months was $8.75.
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