Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN: 9781337115773
Author: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher: Cengage Learning
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A company's stock is selling for $108.30 per
share at year-end. This current year it paid
shareholders an $8.30 per share cash
dividend, reported earnings per share of $11,
and had 750,000 common shares
outstanding at year-end.
Calculate the company's dividend yield.
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Transcribed Image Text:A company's stock is selling for $108.30 per share at year-end. This current year it paid shareholders an $8.30 per share cash dividend, reported earnings per share of $11, and had 750,000 common shares outstanding at year-end. Calculate the company's dividend yield.
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