Question
Asked Mar 18, 2020
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Cox Footwear pays a constant annual dividend. Last year, the dividend yield was 2.5
percent when the stock was selling for $26 a share. What is the current price of the
stock if the current dividend yield is 3.1 percent?
$20.97
$26.80
$26.00
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Cox Footwear pays a constant annual dividend. Last year, the dividend yield was 2.5 percent when the stock was selling for $26 a share. What is the current price of the stock if the current dividend yield is 3.1 percent? $20.97 $26.80 $26.00

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Expert Answer

Step 1

Given information in question

Last year dividend yield         =          2.5%

Last year stock price               =          26

Current dividend yield  &n...

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