Global Cable paid dividends of $0.28 and $0.16 per share last year.  Given yesterday's closing price was $11.27, determine the current yield on the stock?  Round to the nearest tenth.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Global Cable paid dividends of $0.28 and $0.16 per share last year.  Given yesterday's closing price was $11.27, determine the current yield on the stock?  Round to the nearest tenth.

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