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Beta-Juliet, a major manufacturer of carriages in Tibikeland, Verona has signed a partnership agreement with Disney which means from 2022 Beta-Juliet will be supplying first-class carriages to Disneyland. With the announcement of this news, Sophia, the CFO is expecting a steady revenue over the following years, therefore recommends an increase in their constant dividend rate to 12% as of 2022. After the first year, the end of 2022, the company's net income has increased to 100 million DD (DisneyDollars). The market price is 1000 DD and there are 1 million shares traded on the stock market. What is the dividend yield? Answer up to 3 decimal places.

Beta-Juliet, a major manufacturer of carriages in Tibikeland, Verona has signed a partnership agreement with Disney which means from 2022 Beta-Juliet will be supplying first-class carriages to Disneyland. With the announcement of this news, Sophia, the CFO is expecting a steady revenue over the following years, therefore recommends an increase in their constant dividend rate to 12% as of 2022. After the first year, the end of 2022, the company's net income has increased to 100 million DD (DisneyDollars). The market price is 1000 DD and there are 1 million shares traded on the stock market. What is the dividend yield? Answer up to 3 decimal places.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter9: Capital Budgeting And Cash Flow Analysis
Section: Chapter Questions
Problem 12P
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Beta-Juliet, a major manufacturer of carriages in Tibikeland, Verona has signed a partnership agreement with Disney which means from 2022 Beta-Juliet will be supplying first-class carriages to Disneyland. With the announcement of this news, Sophia, the CFO is expecting a steady revenue over the following years, therefore recommends an increase in their constant dividend rate to 12% as of 2022. After the first year, the end of 2022, the company's net income has increased to 100 million DD (DisneyDollars). The market price is 1000 DD and there are 1 million shares traded on the stock market.

What is the dividend yield? Answer up to 3 decimal places.

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