The Wall Street Journal reported the following stock exchange information for General Electric Company (GE) on May

Question:

The Wall Street Journal reported the following stock exchange information for General Electric Company (GE) on May 12, 2006:

a. If you owned 500 shares of GE, what amount would you receive as a quarterly dividend?
b. Calculate and prove the dividend yield. Round to two decimal places.
c. What is GE's percentage change in market price from the May 10, 2006, close? Round to one decimal place.
d. If you bought 500 shares of GE at the close price on May 11, 2006, how much would it cost, and who gets themoney?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...