BMM Industries pays a dividend of $1.40 per quarter. The dividend yield on its stock is reported at 4.2%. What price is the stock selling at? (Round your answer to 2 decimal places.) Current price $
BMM Industries pays a dividend of $1.40 per quarter. The dividend yield on its stock is reported at 4.2%. What price is the stock selling at? (Round your answer to 2 decimal places.) Current 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 2P
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BMM Industries pays a dividend of $1.40 per quarter. The dividend yield on its stock is reported at 4.2%. What price is the stock selling at? (Round your answer to 2 decimal places.) |
Current price | $ |
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