Wakon Company earned $3 25 per share and paid dividends of $0 75 per share The company reported a dividend yield of 3 percent What was the price of Wakon 's stock ...

Wakon Company earned $3.25 per share and paid dividends of $0.75 per share. The company reported a

Question:

Wakon Company earned $3.25 per share and paid dividends of $0.75 per share. The company reported a yield of 3 percent. What was the price of Wakon's stock?
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...