On June 30th, Ray Corporation had a market price of $100 per share of common stock. For the previous year, Ray paid an annual dividend of $8.00 per share. Compute the dividend yield rate for ray Corporation

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 June 30th, Ray Corporation had a market price of $100 per share of common stock. For the
previous year, Ray paid an annual dividend of $8.00 per share. Compute the dividend yield rate for
ray Corporation. 

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