On September 25, 2012, Lucas Corporation had a market price per share of common stock of $8. For the previous year, Lucas paid an annual dividend of $0.16. Compute the dividend yield for Lucas Corporation. View Solution: On September 25 2012 Lucas Corporation had a market price

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 22EB: Errol Corporation earned net income of $200,000 this year. The company began the year with 10,000...
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On September 25, 2012, Lucas Corporation had a market price per share of common stock of $8. For the previous year, Lucas paid an annual dividend of $0.16. Compute the dividend yield for Lucas Corporation. View Solution:
On September 25 2012 Lucas Corporation had a market price

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Step 1:- Concept Used

In this numerical has covered the concept of calculating Dividend Yield. 

The Dividend Yield is the % of return on the common stockholder's on their investment. 

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