3. Rural Bank declared a dividend of P27 per share for the common stocks. If the common stock closes at P93, how large is the stock yield ratio on this investment? * Your answer

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter14: Investing In Stocks And Bonds
Section: Chapter Questions
Problem 1DTM
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Question
3. Rural Bank declared a
dividend of P27 per share for
the common stocks. If the
common stock closes at P93,
how large is the stock yield
ratio on this investment? *
Your answer
Transcribed Image Text:3. Rural Bank declared a dividend of P27 per share for the common stocks. If the common stock closes at P93, how large is the stock yield ratio on this investment? * Your answer
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