Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Corner Cafe is estimating the value of its securities and was able to gather the following information:
- Current year dividends amounted to Php6.00 per share
- Net income of the company during the year amounted to Php750,000
- Total outstanding shares of the company is at 100,000 shares
- Net assets of the company as of the end of the year is at Php2,500,000
- Corner Cafe's current shares trade at Php80.00 per share
what is the dividend yield of corner cafe?
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