Mr. Danny Sales has 1,000 Petron shares which he bought at an IPO price of P5.70/share. To date, he has earned total dividend of P500, and the current market price is at P3.22/share. How much is the dividend yields? a. 8.77% b. 0 c. 43.51% d. 15.53%

Mr. Danny Sales has 1,000 Petron shares which he bought at an IPO price of P5.70/share. To date, he has earned total dividend of P500, and the current market price is at P3.22/share. How much is the dividend yields? a. 8.77% b. 0 c. 43.51% d. 15.53%

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter15: Dividend Policy

Section: Chapter Questions

Problem 5P

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Question

a. 8.77%

b. 0

c. 43.51%

d. 15.53%

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