FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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CorpCo gathered the following information as of the end of the current fiscal year:
Dividends on common stock
Market price per share of common stock
Shares of common stock outstanding
Dividends on preferred stock
Shares of preferred stock outstanding
Earnings per share on common stock
Dividends per share of common stock
Net income
$125,000
$115.00
5,000
$65,000
600
$102.00
$25.00
$575,000
What is CorpCo's dividend yield? Enter your answer as a percent, rounded to one decimal place.
96
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Transcribed Image Text:CorpCo gathered the following information as of the end of the current fiscal year: Dividends on common stock Market price per share of common stock Shares of common stock outstanding Dividends on preferred stock Shares of preferred stock outstanding Earnings per share on common stock Dividends per share of common stock Net income $125,000 $115.00 5,000 $65,000 600 $102.00 $25.00 $575,000 What is CorpCo's dividend yield? Enter your answer as a percent, rounded to one decimal place. 96
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