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Your next-door neighbor thinks that she has discovered the next food craze: a blend of Chinese and Mexican cuisine she is calling ChinMex. She already
Your next-door neighbor thinks that she has discovered the next food craze: a blend of Chinese and Mexican cuisine she is calling ChinMex. She already has one location that is busy all day. She currently has gross sales of $13 million. Her expenses, which include ingredients, rent, and personnel, run $11.9 million. If you purchased 100 shares of your neighbors company stock at the IPO price of $20 per share and the company distributed a $3.00 dividend per share, what would be your dividend yield?
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