You found the following stock quote for DRK Enterprises, Inc., at your favorite Web site. You also

Question:

You found the following stock quote for DRK Enterprises, Inc., at your favorite Web site. You also found that the stock paid an annual dividend of $0.75, which resulted in a dividend yield of 1.30 percent. What was the closing price for this stock yesterday? How many round lots of stock were traded yesterday?

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...