One share of Mang Tubig preferred stocks pays an annual dividend of Php 1.60. Today Mang Tubig closed at Php 25.40 with a net change of -Php 0.50. What was the stock's yield at yesterday's closing price?
One share of Mang Tubig preferred stocks pays an annual dividend of Php 1.60. Today Mang Tubig closed at Php 25.40 with a net change of -Php 0.50. What was the stock's yield at yesterday's closing price?
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter8: Basic Stock Valuation
Section: Chapter Questions
Problem 4P
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