BMM Industries pays a dividend of $1.90 per quarter. The dividend yield on its stock is reported at 4.70 %. What is the stock price? Note: Round your answer to 2 decimal places.

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...
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BMM Industries pays a dividend of $1.90 per quarter. The dividend yield on
its stock is reported at 4.70 %. What is the stock price? Note: Round your
answer to 2 decimal places.
Transcribed Image Text:BMM Industries pays a dividend of $1.90 per quarter. The dividend yield on its stock is reported at 4.70 %. What is the stock price? Note: Round your answer to 2 decimal places.
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