A stock that pays an anual dividend of $0.68 per share has a current price of $30.75.find the dividend yield.Round to the nearest hundredth of a percent
A stock that pays an anual dividend of $0.68 per share has a current price of $30.75.find the dividend yield.Round to the nearest hundredth of a percent
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.2: Solve Percent Applications
Problem 3.35TI: Find the percent increase. (Round to the nearest tenth of a percent.) In 2011, the IRS increased the...
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A stock that pays an anual dividend of $0.68 per share has a current price of $30.75.find the dividend yield.Round to the nearest hundredth of a percent
Expert Solution
Step 1
Annual dividend is calculated as follows.
I is the annual dividend
r is the Dividend yield
P is the stock price
t is the time = 1 year
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